Statistics highlight regional gender pension gap

New analysis shows regional gender pension gap, with regions with high levels of private pensions having a larger gap.

Pensions

 

The gender pension gap is higher in England than other nations of the UK, according to new analysis by the trade union Prospect.

It analysis of Family Resources survey datasets shows that within English regions, the gender pension gap is highest in the South-West and lowest in the East Midlands.

The gender pension gap ranged from 25.2% in Northern Ireland to 46.9% in the South-West of England.

Prospect says the vast majority of nations and regions had a gender pension gap in the range of 36% to 42%.

Sue Ferns, Prospect’s senior deputy general secretary stated: “These figures show that the gender pension gap is a problem in every part of the UK and further demonstrate the need for action to address it.”

Prospect says there is a relatively low gender gap in state pension income, but a much higher gender gap in private pension income.

Ferns added: “It’s important to draw the right conclusions from this data. A low gender pension gap may simply be a result of relatively low levels of private sector pension income in that region. Clearly low levels of private pension income are nothing to celebrate. It’s important to tackle the gender pension gap the right way, by measures that actually boost pension entitlement for women. One of the best ways of doing this is through better recognition of caring responsibilities in the pension system.”



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