Government-backed Pensions Commission calls for action on gender savings gap

Body says, on average, British women approaching retirement have half private pension savings of men – £81,000 versus £156,000

A shake-up of pensions in Britain must involve measures to close the gap in retirement savings between men and women, the revived Pensions Commission is to tell ministers.

According to the government-backed body, women approaching retirement have on average half the private pension savings of men, with a median pension wealth of £81,000 versus £156,000.