Women & Money virtual panel discussion: Gender Pension Gap
Over the last few years, Fidelity has been working hard to understand, share and address the many challenges women face when moving from saving to investing.
Gender pension gap
New research reveals two-fifths (42%) of women in the UK don’t know how much they have saved for retirement, compared with a quarter (25%) of men1. This figure rises slightly among those closest to retirement, with 44% of women aged 55 and over unaware of how much is in their pension pot. Almost a quarter (24%) are unsure how much they’re saving towards their pension each month compared to 13% of men, while another 13% of women are not making any regular contributions at all compared to 10% of men.
So what does that mean for women and advice? There is still opportunity for UK advisers to engage with their female client base and redress the balance.
Watch our panel discussion
Fidelity’s Investment Director, Maike Currie and a panel of industry experts discuss ways forward to help close the gender pension gap, including findings of the latest Global Women and Money study.
1 Research conducted by Opinium research between 7 January and 12 January 2021 among 12,038 men and women in the UK, Germany, China, Taiwan, Hong Kong SAR and Japan. UK-specific findings taken from the global study are based upon sample of 2,004 (990 men and 1014 women).