Johanna Nelson: Five ways to help employers close the pension gender gap

Different audiences, different messages

clock • 4 min read

On International Women's Day, Johanna Nelson outlines five practical ways employers can help female staff save more, build their pension pots and achieve greater financial wellbeing

According to research by trade union Prospect, women retiring in 2016/17 had 40% less money in their pension pot than men. Thanks to auto enrolment, government data suggests, the same proportion of men and women now contribute to a pension - however, according to Scottish Widows, women in their 20s are still saving less than their male peers. Last year's Financial Power of Women report from Fidelity International meanwhile highlighted the average pension pot for a man aged between 25 and 34 saving in line with the government's auto-enrolment contributions would be worth £142,836 at the S...

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 Retirement

How advisers can play a role in boosting wellbeing in retirement

How advisers can play a role in boosting wellbeing in retirement

A happy retirement is the 'north star'

Cecilia Furner
clock 08 November 2024 • 3 min read
Partner Insight: Embracing the future of retirement planning

Partner Insight: Embracing the future of retirement planning

Brooks Macdonald
clock 31 October 2024 • 2 min read
Pension tax rules uncertainty shows 'need to shift retirement planning'

Pension tax rules uncertainty shows 'need to shift retirement planning'

Needs to include wider considerations of capital drawdown beyond pensions

Isabel Baxter
clock 24 October 2024 • 2 min read