The gender pension gap – the gulf in difference between how well-prepared men and women are for retirement – is a serious cause for concern.
The latest Women and Retirement Report found that the average UK male aged 65 to 74 holds over £250,000 in pension assets, compared to less than £150,000 for the average woman. Most obviously, this means women are less likely to be able to enjoy a long, comfortable retirement. They might have to work longer and still live off less – they are likely to experience a poorer quality of life post-work.
