March 2022

Nearly 2.4 Billion Women Globally Don’t Have Same Economic Rights as Men

Around 2.4 billion women of working age are not afforded equal economic opportunity and 178 countries maintain legal barriers that prevent their full economic participation, according to the World Bank’s Women, Business and the Law 2022 report. In 86 countries, women face some form of job restriction and 95 countries do not guarantee equal pay for equal work. Read also Retired women in South Africa carry a huge burden of poverty Globally, women still have only three quarters of the legal...

February 2022

UK. Women face gap of £7,500 per year and state pension delay

The gender gap in terms of pensions, savings and earnings is a palpable one which can impact women for their entire lives. But it could rear its ugly head even more so in later life, as women face the reality of scrimping and saving just to make ends meet. Founder and CEO of Unbiased, Karen Barrett, spoke exclusively to Express.co.uk to highlight the issues facing women. She said: “A generation of women near retirement is facing the reality that they won’t...

January 2022

Why Women Need to Take a More Active Role in Their Financial Futures

By Stacia Williams Too many women leave decisions about their financial futures to their husbands — and that’s hardly a retirement plan. And because women tend to live longer than men, it’s imperative that they take an active role in plotting out what’s happening with the money that will see them through the latter part of their lives. How to go about that? Any good retirement plan breaks down into five areas: income, investments, taxes, health care and legacy. Retirement income typically...

1 in 5 Women Are Facing Retirement Setbacks Due to Pandemic

The pandemic is contributing to a widening wellness gap between men and women. In particular, as the public health crisis lingers, women in the workforce are reporting burnout at twice the rate of men, as well as shouldering greater mental health burdens than most other groups of workers. Read also US. The clock is ticking on retirement security bills, industry experts say According to a new retirement survey from insurance and financial services company Nationwide, women's prospects for retirement are suffering,...

US. Pandemic’s impact on retirement savings varies by geography, gender and age

Nearly every American has felt the impact of the pandemic on the ability to save for retirement. “Retirement is expensive, and Americans were struggling to save enough money for it long before the pandemic,” according to a report from The Penny Hoarder on its recent survey. “The economic turmoil of the pandemic underscored some critical lessons about investing for the long term, including keeping calm during turbulent markets and using market slumps as an opportunity to invest when prices are...

Private climate investment needs to get intentional about gender and equity — here’s how

By Suzanne Biegel The private capital committed by members of the Glasgow Financial Alliance for Net Zero (GFANZ) has the potential to transform climate investments. Yet climate investment decision-makers don’t reflect the diversity we need for a just transition. They are therefore likely to overlook the women outside of their networks driving many solutions. Read also ESG Investing Is Not Sustainable Investing This is true in both developed and developing markets. Growing research shows that having more women in decision-making positions results...

December 2021

Pension Information and Women’s Awareness

By Paola Profeta, Marta Angelici, Daniela Del Boca, Maria Christina Rossi, Noemi Oggero & Claudia Villosio We explore the role of financial and pension information in increasing women’s knowledge and awareness of their future pension status and interest for pension information. We interview a representative sample of 801 Italian working women to assess their knowledge about pensions, financial issues and their own savings. The responses show that their knowledge and awareness of retirement planning is limited. We then run a...

The Gender Gap in Pensions in the EU

By Fondazione Giacomo Brodolini & Istituto per la Ricerca Sociale Pensions are an important determinant of their beneficiaries’ economic independence. When examining independence for people of working age, we are led naturally to think about the gender pay gap. Focusing on gaps in pensions would be the natural follow-up (or sequel) to an interest in gender pay gaps. Those gaps would reflect the cumulated disadvantages of a career spent in a gender-biased labour market. This is even more true for older...

November 2021

Ireland. ESRI says cheaper childcare and flexible work arrangements will keep women working longer

Cheaper childcare and flexible working is needed to bridge the gender pension gap and keep women in employment for longer, according to a leading think-tank. The Economic Social and Research Institute (ESRI) will tell TDs and Senators today that there is a gender gap of 35pc for retired women compared to retired men. Appearing before the Oireachtas Joint Committee on Social Protection, Dr Claire Keane will tell politicians that cheaper childcare, flexible work arrangements and long-term care services are crucial to...

Gender gap in pensions is real and needs to be fixed

By Margaret Franklin Women get paid less than men. In fact, it’s been well documented that, worldwide, women make only 77 cents for every dollar earned by men. Less well-known, and partially a result of that very pay gap, is the pension gulf between men and women. The gender gap in pensions is a real issue and it needs to be fixed. This year, “The Mercer CFA Institute Global Pension Index Report” explored the gender pension gap that exists in every retirement...