Women retiring this year expect their annual retirement incomes to be more than a third (36 per cent) lower than men’s, adding up to a Pension Gender Gap of £6,500, according to new research from P...
The insurer’s Class of 2013 research, the latest of the annual studies conducted by Prudential since 2008, tracks the plans and expectations of people entering retirement this year. The report found that women retiring in 2013 expect average incomes of £11,750 per year, compared with £18,250 for men.
The study shows that the gender gap is 13 per cent wider than it was in 2012 with women’s expected retirement incomes for 2013 falling by £500, while men’s expected incomes have increased by £250, on average.
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