Government-backed Pensions Commission calls for action on gender savings gap
The Pensions Commission is set to release an interim report addressing the gender savings gap in retirement. It highlights that British women nearing retirement have significantly lower private pension savings compared to men. The commission emphasizes the need for reforms to ensure fairness and prevent increased pensioner poverty.
- ▪Women approaching retirement have an average of £81,000 in private pension savings, while men have £156,000.
- ▪The commission aims to address the gender pension gap as part of its recommendations for the future of the retirement system.
- ▪The UK has the second-worst gender pensions gap among OECD countries, only better than Japan.
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The Pensions Commission is expected to publish its interim report on the long-term future of the retirement system this week. Photograph: Rightdisc/AlamyView image in fullscreenThe Pensions Commission is expected to publish its interim report on the long-term future of the retirement system this week. Photograph: Rightdisc/AlamyPensionsGovernment-backed Pensions Commission calls for action on gender savings gapBody says, on average, British women approaching retirement have half private pension savings of men – £81,000 versus £156,000Richard Partington Senior economics correspondentSun 17 May 2026 19.01 EDTSharePrefer the Guardian on GoogleA shake-up of pensions in Britain must involve measures to close the gap in retirement savings between men and women, the revived Pensions Commission…
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