Men are saving more into their pension than women

There has been some narrowing of the gender pension gap,  with twice as many advisors now believing that men are saving the same amount into their pensions as women

The pension savings gap currently favours men, with reasons including the fact that women often leave the workforce to raise families. 

The pension savings gap currently favours men, mainly due to women taking extended periods of time out from the workforce to start and raise their families. 

A survey of over 130 financial advisors nationwide, undertaken by leading pension trustees, Independent Trustee Company (ITC), cited the top five reasons women are saving less into their pensions than men are: