Solutions to the Gender Pension Gap

On average, women in the UK face retirement with 39% less in their pension pot than men, according to the Financial Reporter. In this article, we ask Senior Financial Adviser and Fiducia Wealth Management Director Susie Laws why this is and what women can do to pivot the situation.

• How big is the gulf between men and women when it comes to investing?

There is a noticeable gulf in terms of pension provision, which increases as you go up the generations. For the oldest generations where traditional historical gender roles were the norm (and the women tended to stay at home to raise children), it’s not uncommon for women to rely on their state pension with no private provision.

With changing attitudes and increasing financial independence, women are generating their own wealth and are therefore increasingly investing.