The yawning gap in the pension provision between men and women has been exposed.
The average Irish woman’s pension pot is a “staggering” 40pc less than men’s.
An average pension pot for a man in Ireland is €102,000. But it is only €60,500 for women, according to research by the Irish-owned network of financial advisers Ask Acorn.
This means that Irish women have on average saved around €41,400 less into their pension pots than men, indicating a gender pension gap of 40pc, according to a survey conducted by iReach for Ask Acorn.
Three out of 10 Irish adults have no retirement savings, a situation that is supposed to be addressed with the promised launch of the My Future Fund auto-enrolment pension fund from the start of next year.
Credit to : Irish Independent