Men will continue to have larger pension pots than women, despite retirement inequalities reducing over the last six years, according to a report from the Pensions Policy Institute.
The report says that since 2010, women aged over 50 have experienced greater increases to their retirement incomes than men.
Women in particular have benefited from the introduction of the new state pension, according to the PPI, with the lowest 10 per cent of female earners’ retirement incomes increasing by 41 per cent compared with 20 per cent for men, and the lowest 90 per cent increasing by 19 per cent compared to 7 per cent for men.
The difference in men and women’s average retirement ages also narrowed from 1.9 years to 1.6 years over the period.