Women £4,900 worse off in retirement than men - Prudential

Hannah Godfrey
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Women £4,900 worse off in retirement than men - Prudential

Women retiring this year will have average expected retirement incomes £4,900 lower than men, research by Prudential has found

Women are still set to be 29% worse off than men, despite their expected retirement income hitting a record high, Prudential's Class of 2018 study has shown. The study found men can expect to retire on an average annual income of £21,800 compared with women's of £16,900. The Joseph Rowntree Foundation's (JRF) Minimum Income Standard states the income for a single pensioner should be at least £9,998. However, findings show that one in six (16%) women will be retiring with an income below this...

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