News and stories about financial education and Just Finance Foundation
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Pensions: The Motherhood Penalty
On average, women across the UK have 38% less in their pension pots than men. For those over the age of 50, the gap is worse: 46%. In real money, that’s £52,592 in men’s workplace pension pots and £28,249 in women’s. This is more than double the gap for savers under the age of 30. So, what’s happening over those 20 years? And how can we change it?