The pension pay gap
By the time a woman is aged 65 to 69, her average pension wealth is £35,700, roughly a fifth of that of a man her age, according to a study at the end of 2018 conducted by the Chartered Institute of Insurance. The emphasis is mine. It's an amazing figure - one sex's pension wealth at just 20% of the other's. How does that rather abstract notion of 'pension wealth' translate into income difference? A recent report from the trade union Prospect (Tackling the gender pension gap) found that the gender pensions income gap (39.5%) was more than double the size of the total gender pay gap (18.5%), with the…
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