The gender pension gap is the difference between the average female’s and male’s savings for retirement. In 2020 this is an average of £100k. There are lots of reasons for this and we’re campaigning for policy changes that would make a difference. We’re working to raise awareness of the issue and provide helpful guidance and support to make planning for retirement as straightforward as possible. Let’s call time on the Gender Pension Gap.
Our new Women and Retirement Report shares some eye opening stats on the gender pension gap and the impact Covid-19 is having on women’s finances. Read our real women’s stories and download our latest Report to find out what’s contributing to the gender pension gap.
'I haven’t been paying into a pension at the moment. I’ve just been focusing on making ends meet.'
Scottish Widows Retirement Expert, Jackie Leiper, shares her top 5 pension tips for women to help you plan during these uncertain times.
The gap in finances between men and women is compounded by life events such as career breaks, maternity leave, working patterns and financial hardship. Today the average woman could face £100k less in her pension pot than her male counterpart. Find out more about what’s behind the pension gap and how we can help.
Watch our webinar with Scottish Widows Retirement Expert, Alison Nicolson and Anna Lane from the Wisdom Council to hear more about the gap in men’s and women’s pension savings.
Try our Your Future Self tool to see what you have saved and if it's enough for the retirement you want.
Knowing what you’ll have in retirement is a good place to start. Answer 4 simple savings questions to see what age you could retire, and get a glimpse of what you might look like.Try now
When you’re navigating decisions like taking a career break, reducing hours, going self-employed or getting divorced it’s worth knowing what that means for your pension in the future. Read our real women stories and watch the 2 minute expert films to find out more.
'I’m self-employed so I only pay what I can afford into my pension and have property to fall back on.'
'As a full-time parent and carer, my plate is full and my earning power is low, so I’m concerned about the future.'
'The financial impact of divorce means I’ll have to push my retirement back by about 10 years.'
We’ve been working in collaboration with Mother Pukka, NomiPalony, and Plutonium Sox. Read their blogs to find out what they think about saving for retirement.
What’s the minimum you can pay into your pension? What sacrifices can you make to save more into your pension? We teamed up with Mother Pukka to answer some of her key pension questions around how women can save better for their future.Find out more
Our report struck a chord with Natalie, who falls into the third of self-employed women who are saving nothing for retirement. In her blog, she looks at the financial reality many women are facing and how she’s taking control of her future again.Take a look
To help close the gender pension gap we are working with organisations across our industry as well as the education sector and the Government. We are committed to highlighting the issue, providing support and guidance and campaigning for pension reforms that could make it easier for women to save for retirement.
"We need to help more women address the challenges they face when saving for the future. To achieve this, as well as highlighting the issue, an ambitious set of policy reforms are needed and we are calling for reforms to ensure more women than ever are able to enjoy a satisfying, well-earned retirement.”
Jackie Leiper, Workplace Savings Director, Scottish Widows.
Our annual event is in its 16th year. We’re bringing together an influential audience of employers, industry and policy makers to discuss our research findings and how we can improve the savings landscape for women.
Jackie Leiper Workplace Savings Director, Scottish Widows has recently been announced as chair of Money Pensions UK’s Financial Wellbeing Challenge Group: Gender and Financial Wellbeing, helping take on the financial gap that exists between men and women.
Scottish Widows has supported the Insuring Women’s Futures initiative since 2018. Jackie Leiper chairs the Women’s Empowerment work stream working alongside other key industry figures to make a number of recommendations to help tackle the gender pension gap.
We have a range of expert tools, films and guidance to help you plan for the future. Take a look at our most recent campaigns.
Watch our series of expert webinars covering a range of pensions and future planning topics from employer pensions, gender pension gap, to being self-employed.
Answering the most topical questions about pensions, investments and life insurance in our new ‘experts at home’ series. From how coronavirus could affect your financial future to how to spot a pension scam.