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Retirement gender gap shrinks but it's still too wide

This year's expected retirement incomes are the highest yet, but there is still too much of a gap between men and women says Kirsty Anderson, retirement income expert at Prudential.

The retirement income gender gap is still too wide, at nearly £5,000. Women are struggling to match the incomes generated by men.

However, it is really encouraging to see the retirement income gender pay gap is shrinking over consecutive years. Women are starting to close the gap on men. It is also extremely positive news that expected retirement incomes this year are the highest on record.

As working patterns continue to change and become more flexible, and shared parental leave is more widely encouraged by the government agenda and employers, the future looks positive for narrowing the retirement gender gap.

It can be difficult to justify any extra expense when taking a career break. But it is extremely important for anyone taking time out of work to maintain their pension contributions.

Saving as much as possible, as early as possible, is the best way to secure a good quality of life in retirement.

Kirsty Anderson is retirement income expert at Prudential.

The retirement income gender gap is still too wide, at nearly £5,000. Women are struggling to match the incomes generated by men.

However, it is really encouraging to see the retirement income gender pay gap is shrinking over consecutive years. Women are starting to close the gap on men. It is also extremely positive news that expected retirement incomes this year are the highest on record.

As working patterns continue to change and become more flexible, and shared parental leave is more widely encouraged by the government agenda and employers, the future looks positive for narrowing the retirement gender gap.

It can be difficult to justify any extra expense when taking a career break. But it is extremely important for anyone taking time out of work to maintain their pension contributions.

Saving as much as possible, as early as possible, is the best way to secure a good quality of life in retirement.

Kirsty Anderson is retirement income expert at Prudential.

Source: Prudential

Data crunch: Survey of 9,896 non-retired UK adults aged 45+, including 1,000 planning to retire in 2018

Source: Prudential

Data crunch: Survey of 9,896 non-retired UK adults aged 45+, including 1,000 planning to retire in 2018

Source: Prudential

Data crunch: Survey of 9,896 non-retired UK adults aged 45+, including 1,000 planning to retire in 2018

Source: Prudential

Data crunch: Survey of 9,896 non-retired UK adults aged 45+, including 1,000 planning to retire in 2018

Source: Prudential

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