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It's International Women's Day and we're looking at the gender pension gap. We'll also provide a list of actions and tips that, regardless of your gender, may help improve your standard living in retirement.

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It's the difference between the amount women can typically expect to have in their pension pot compared to men come retirement. Recent research by Scottish Widows has shown the average woman aged 65-74 has less than £150,000 in pension assets, compared to the average man who has over £250,000. That's a significant difference.

Combined with the fact women typically live longer than men, meaning they'll need to live off their retirement savings for longer, women are facing a greater challenge in later life. And the current 'cost of living crisis' is making it harder, with Scottish Widows' report identifying that 16% of women are cutting back on their retirement saving.

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We want to help people push back against the gender pension gap. Everyone deserves to enjoy a fulfilling retirement, free from financial stress. That's why we're here to help.

Pension parity shouldn't be impossible. Read our helpful blog which contains six simple actions and tips that can help bridge the gap.

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Feel free to share with your friends, family, neighbours, colleagues as well.

Look out for our email next week where we'll have more tips and actions for you to help bridge the gender pension gap.

Aspire to Retire

Building bridges, removing walls

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This email is based on our understanding of legislation and practice as at the date of publication, which is subject to change. It provides general information only and is not intended to constitute advice in relation to individual circumstances. It was sent to you by Aspire to Retire on behalf of your employer. If you prefer to opt out of future Aspire communications click below. Aspire to Retire is a trading name of Punter Southall Defined Contribution Consulting Limited which is authorised and regulated by the Financial Conduct Authority. Our Financial Services Register reference number is: 121328. Registered Office: 11 Strand London WC2N 5HR. Registered in England and Wales No 0873463vice Team

 

Punter Southall, 11 Strand, London, United Kingdom WC2N 5HR

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