A couple of months ago we reported on the Pensions White Paper which looks at many proposals for pension reform. We have included the link to the White Paper below.

One of the issues discussed in the White Paper is the continuing problem of women reaching retirement age with little entitlement to the state retirement pension. In addition to this, working women save significantly less than men and approximately two thirds of women have no private pension at all.

James Purnell, Minister for Pensions Reform, said that ‘Women must think about the way they save in order to help address the pensions’ gender gap. Today’s state pensions are unequal – with 30% of women retiring on a full state pension, compared to 85% of men’.

The Government has pledged to tackle the inequality faced by many women by reforming state pensions.

Internet link: Press release and Pensions White Paper