Mind the pensions gender gap
Posted by Robin Powell on October 31, 2017
We’ve heard a great deal lately, certainly in the UK about the pay gap between men and women. It is, of course, very unfair that women are paid less than men for doing the same job. And yet, when it comes to pensions, the gender gap is far bigger.
According to a recent report by Mercer, the average European woman retires with a pension pot 40% smaller than the average man. That compares to a pay gap of 16%.
What makes this issue even more serious is that women, on average, tend to live about two years longer than men. In other words, women need more money in retirement than men do.
So, why is the gap so large? What can be done about it? And what can women do to ensure they don’t fall behind?
I’ve been discussing all of these issues and more in this video interview with Dr Ella Rabener, co-founder of Scalable Capital:
ROBIN POWELL is the founder and editor of The Evidence-Based Investor. A freelance journalist, he runs Regis Media, a specialist content marketing consultancy for financial advice firms around the world. You can follow him on Twitter and on LinkedIn.
The Evidence-Based Investor is produced by Regis Media, a boutique provider of content and social media management to financial advice firms around the world. For more information, visit our website and YouTube channel, or email Sam Willet or Christina Waider.
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