Prudential notes gender gap in pensions calculator in 2010

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Prudential notes gender gap in pensions calculator in 2010

The gender gap in pensions has been highlighted by Prudential in its annual review, with the firm producing statistics showing the situation is getting worse.

According to the retirement savings enterprise, 35 per cent of women finishing work in 2010 ended up on a pension below the poverty line.

Prudential noted that this figure stands at 29 per cent for their male counterparts.

The company went on to indicate that men's average pension income during the year was £19,593, which is £7,424 more than the female average.

It was also recorded that the gap between the sexes grew in 2010 by £872.

Among the other figures produced by Prudential in its report was the news that 42 per cent of couples have discussed how much they would like to live on when they retire, while 32 per cent either do not know or do not understand their partner's savings strategy.

The Office for National Statistics this week published details of investment by insurance companies, pension funds and trusts during the third quarter of the year and estimated the net figure to be £15.4 billion.

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