Women face £3,800 pension gap |
| Retired women receive £3,800 less annually from pensions than men, according to a study by Scottish Widows. Women's average pension income is £14,500, while men receive £18,300. The gap is the smallest recorded, indicating progress. Women's pension income rose by 8% this year, while men's decreased by 4%. The median private pension pot for women is projected at £151,000, compared to £246,000 for men. Scottish Widows noted that 33% of women are expected to fall below a minimum living standard in retirement, down from 39% in 2023. |
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