Women enter retirement with pensions half the size of men's pots     

Aviva calls on women to tackle their pension contribution gap

Julia Bahr
clock • 4 min read

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Government confirms no compensation for WASPI women over state pension age changes

Government confirms no compensation for WASPI women over state pension age changes

DWP finds communication delays did not amount to financial loss

Martin Richmond
clock 17 December 2024 • 4 min read
Chancellor's move to pause Pensions Review 'deeply disappointing'

Chancellor's move to pause Pensions Review 'deeply disappointing'

Rachel Reeves has reportedly pressed indefinitely paused the review

Jenna Brown
clock 16 December 2024 • 3 min read
FCA targets pension transfers and SIPPs in major review

FCA targets pension transfers and SIPPs in major review

Regulator launches review of DC pension rules

Isabel Baxter
clock 13 December 2024 • 4 min read