The gender gap in pensions has been found to be more than double that in pay, according to a report by human resources consultancy Mercer. It shows that the savings divide varies widely from one member state to another, but that half of EU countries have gender pension gaps of 30% or more, with Cyprus recording the biggest. The study found that women in the European Union (EU) save 40% less on average for their pensions than men, despite earning just 16% less. Half of EU countries have gender pension gaps of at least 30%. In Britain, where there is no statutory minimum retirement age, men are paid an extra £2.45 per week compared with women, while they receive only £1.15 more.
The gender gap in pensions has been found to be more than double that in pay, according to a report by human resources consultancy Mercer. The study found that women in the European Union (EU) save 40% less on average for their pensions than men, despite earning just 16% less. Half of EU countries have gender pension gaps of at least 30%. In Britain, where there is no statutory minimum retirement age, men are paid an extra £2.45 per week compared with women, while they receive only £1.15 more.