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Women for Women : Retiring women expect smaller pensions than men

by Will Corry on April 6, 2013 in Businesswoman, featured item, Lead story, Research, Special Issue, Women for Women

  • This year’s “Class of 2013″ research, the latest in a series of 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.
  • The average annual expected retirement income for 2013 across both sexes is £15,300, including income from private, company and state pensions.

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 Prudential.

This year’s “Class of 2013″ research, the latest in a series of 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.

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photo credit: SalFalko via photopin cc

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