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Gender gap in retirement savings

In Brief: Gender gap in retirement savings

Tuesday, 28 January 2020

The gender pay gap remains a prominent issue, and the discrepancy faced during a career can also affect a retirement savings gap. 15% of women say they are saving for their future, however 25% feel worried that they have not started saving for retirement early enough. In comparison to men, women estimate they will save an average of £168,006 whereas men think they will have £255,328 in retirement savings. Seeking professional financial advice could help you to plan for your retirement savings.

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