Women between 60 and 65 have pensions just over half (57%) the size of men’s, according to recent research from Aviva.
The firm found that the amount paid in pension contributions had a big impact on retirement income. The difference between women's and men's contribution rates was significant, it said. Based on the workplace pension data for just over five million pension plans, the gap between women's and men's pension contributions for 35-39-year-olds was 21%, up on the 18% gap last year. It then increased to 24% for 40-44-year-olds and 27% for 45-49-year-olds before stretching to 32% for 50-54-year-olds, according to Aviva. The firm's research also showed that the gender pension gap begins to w...
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