Women in the UK aged between 50 and 59 earn on average 20.5% less than their male counterparts, facing a gender pay gap significantly larger than the UK-wide gap of 14.2%, therefore it is clear that the impact of women’s labour market inequality is compounded over a working lifetime.
This edition for July and August captures articles related to the gender pay gap and its causes, including pay discrimination and occupational segregation.
This edition for May captures articles related to the gender pay gap and its causes, including pay discrimination and occupational segregation.
This edition for March captures articles related to the gender pay gap and its causes, including pay discrimination and occupational segregation.
The UK Government has announced that a new, simpler, flat-rate pension will be introduced from April 2017. Women are being held up as one of the main beneficiaries by the government but it is far from clear whether this is actually the case.
Research has revealed that Scotland has the second-worst gender pensions gap in the UK. A report by Prudential has found that women in Scotland can expect to receive more than one-third less than men when they retire, with an average annual income of £10,029 compared with £17,539 for their male counterparts.
Research has revealed that the number of women saving enough for their retirement has reached a seven year high. The Scottish Widows Women and Pensions Report 2011 has found that 50% of women are now saving adequately for their retirement, up from 43% in 2010. It’s not all good news though as the research also shows that more women are saving nothing at all towards their retirement, 23% compared with 17% of men. Furthermore, 71% of women say they can't afford to save long term compared to 60% of men.
The UK coalition government has announced that it is to delay the planned increase in state pension age to 66 until October 2020.
The UK coalition government has won a vote in the House of Commons to take forward plans to raise the state pension age for women. 500,000 women will now have to wait 18 months to two years longer than they expected before they can collect their state pension, costing them up to £15,000 each.