Commenting on the Government’s publication of a roadmap to help tackle gender equality at all stages of life, Yvonne Braun, Director of Long-term Savings and Protection Policy at the ABI, said:
“The cumulative effect of lots of disadvantages encountered by women through their working lives adds up to a major gap in their finances by the time they retire. From the gender pay gap through to rights for carers, it’s encouraging to see this broad package of proposals aimed at making a genuine difference. I am particularly pleased to see effort being made to help women understand their options over pension arrangements when going through divorce, which could do a lot to help guard against financial insecurity in later life.”