Women in the UK will not reach the same pension savings as men until 2028, according to a Freedom of Information request from pension consultancy Broadstone.
Just a third (34%) of women have considered the impact reducing working hours could have on their pension contributions, compared to 62% of men according to research from think tank Phoenix Insights.
Chancellor Jeremy Hunt gave his budget announcement to parliament today (17 November), as he officially announced the UK is in the midst of a recession.
More workers are opting out of workplace pension contributions as the cost of living continues to soar.
The Fire Brigades Union (FBU) has won compensation for almost 9,000 members from the government after successfully proving that changes to firefighter pensions were discriminatory towards younger...
The Pensions and Lifetime Savings Association (PLSA) has called on government to reform the UK pensions system through recommendations that could see median earners’ savings boosted by 25%.
Workers are favouring companies that offer green pension plans, according to research from Scottish Widows.
UK workers are having to work for longer before retirement due to the increased state pension age, while receiving less money from their pensions than they would need to retire comfortably.
The UK government has unveiled a new pension scheme to provide workers with more options for their retirement funds.
Muslim employees face a pension gap of up to £11.5 billion, according to research from pension firm Penfold.
New data from Legal & General has revealed the pensions gap for women in their 20s is still 16% - an improvement of just one percentage point since 2020.
Raising the state pension age to 66 cost 65-year-olds at the edge of retirement an average of £142 per week for 2020/21 and plunged thousands into poverty.