Related topic: gender pension gap

Women aged 55-59 have approximately half (54%) the pension wealth of men of the same age.

Changes include making unpaid additional maternity, shared parental and adoption leave automatically pensionable.

The new report warns women are retiring with far smaller pension pots due to structural inequalities and calls for action to tackle the retirement ‘gulf’.

Newly retired women now receive 99% of the weekly pension amount paid to men.

More than 75% of women are not confident that they will be able to afford a comfortable life in retirement.