Menopause and caring responsibilities ‘contribute to pensions gender gap' |
| A report from Scottish Widows indicates a widening pension gap between men and women. Women are projected to have a median private pension wealth of £173,000, £113,000 less than men’s average of £286,000. The report highlights that 58% of women near retirement have taken career breaks, with 40% failing to plan financially for these breaks. Susan Hope, a retirement expert at Scottish Widows, said: “To achieve true equality in retirement, we need to make sure career breaks don't break women's future financial security.” The findings underscore the need for workplace reforms to support women’s financial planning. |
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