Widening gender pension gap with a Covid-19 twist
New research has highlighted a growing retirement income gap between men and women, which has been exacerbated by the pandemic. According to the Office for National Statistics (ONS) life expectancy calculator, at age 55: · Men have a life expectancy of 84 years, with a 1 in 4 chance of surviving to 92. · Women have a life expectancy of 87 years, with a 1 in 4 chance of surviving to 94. The three year longer life expectancy means that a woman aged 55 who stops work