Elwell: Pensions Savings Gap Can Emerge, Compound Quickly


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Scottish Widows have calculated that younger female savers can currently expect to have £100,000 less on average than their male counterparts, meaning they need to work almost 40 years longer to achieve pensions parity. Rachel Elwell, chief executive of the Border to Coast Pensions Partnership, which pools the pension assets of a million public sector workers in eleven local authorities in England, tells Daybreak Europe's Anna Edwards and Roger Hearing that this is down to a combination of factors. She also highlights that the prevalence of part-time work and career breaks for women mean the gap in pensions savings can emerge and be compounded very quickly.

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