State pension to make up ‘greatest proportion of income’ for women – gender gap exposed | Personal Finance | Finance
Across both genders, 2021 has seen a decrease in reliance on company pension schemes with more looking to the state pension for income.
Other savings and investments make up 12 percent of retirement income for men, and 13 percent for women, the research found.
Women (15 percent) remain more likely to look at accessing their housing equity than their male counterparts (10 percent).
Will Hale, CEO at Key said: “With women typically earning less over the course of their careers, more likely to work part-time or need to juggle their career and caring responsibilities, the gender pay gap quickly becomes the gender pension’s gap at retirement.