£100,000 pensions gap for women in part-time work

Women's savings are being cut due to part-time work leaving them £105,000 worse off than men in retirement, research conducted by the Pensions Policy Institute (PPI) and Now Pensions revealed. Now Pensions' Facing an unequal future - closing the gender pensions gap report - which includes the PPI's research - revealed women who balance part-time work with caring responsibilities are facing a 47% reduction in their pension pots compared to men by their late 50s. The research shows that, by their 60s, women typically have £51,100 in their retirement pots while men have three times this ...