The Gender Pension Gap: It’s Not Going Away Sooner
Scottish Widows just released its latest Women and Retirement Report, and the headline is clear: the gender pension gap will take at least 20 years to close unless decisive action is taken.
What the Numbers Say
- 42% of women are currently on track to face poverty in retirement.
- Only 35% of men share that fate.
Why Women Still Get the Short Straw
The story is tangled—social gender roles, lower financial literacy, the pay gap, and lower auto‑enrolment rates all play major roles. These are hard‑wired issues that haven’t gone away, which begs the question: why isn’t more being done?
What the Government Should Do
The solution isn’t a trick plan; it’s straight‑forward support:
- Boost financial education.
- Encourage active pension engagement.
- Expand access to auto‑enrolment.
- Close the gender pay gap.
Policy that covers all of these will empower women to achieve the retirement they deserve.
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