Fidelity: 'Gender pension gap' sees women losing out by over 10%

Lack of trust in the industry by females

Young women are likely to end up with a pension pot nearly 11% smaller than that of male counterparts, with a number of barriers preventing women from investing, according to a new report by Fidelity International.

The study, The Financial Power of Women, used research based on interviews with 1,000 women and 1,000 men to discover their views on investing.  Its findings included young women putting money into a pension in line with the government's auto-enrolment contributions may still end up with pots that are significantly smaller than for men.  Based on projections from the Office for National Statistics and adjusting for inflation, the average man aged between 25-34 is expected to have a pension pot of £142,836 at age 68. Groups take action as gender pay gaps revealed But the average ...