The Evidence-Based Investor

Mind the pensions gender gap

Posted by Robin Powell on October 31, 2017

We’ve heard a great deal lately, certainly in the UK about the pay gap between men and women. It is, of course, very unfair that women are paid less than men for doing the same job. And yet, when it comes to pensions, the gender gap is far bigger.

According to a recent report by Mercer, the average European woman retires with a pension pot 40% smaller than the average man. That compares to a pay gap of 16%.

What makes this issue even more serious is that women, on average, tend to live about two years longer than men. In other words, women need more money in retirement than men do.

So, why is the gap so large? What can be done about it? And what can women do to ensure they don’t fall behind? 

I’ve been discussing all of these issues and more in this video interview with Dr Ella Rabener, co-founder of Scalable Capital:

 

Scalable Capital co-founder Ella Rabener discusses why women's pension pots are so much smaller than men's and what can be done about it
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Robin Powell

Robin is a journalist and campaigner for positive change in global investing. He runs Regis Media, a niche provider of content marketing for financial advice firms with an evidence-based investment philosophy. He also works as a consultant to other disruptive firms in the investing sector. Regis Media.

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