Women are far less likely to be preparing for their retirement than men, according to new research in Irish pensions.
While the gender pay gap is an issue that has been brought to the fore by a number of recent high-profile cases , the gender pension gap is another problem that is lurking behind.
Taoiseach Leo Varadkar recently described pensions as being “an issue thatbeen long-fingered for too long” and announced plans to bring in an auto-enrolment pension system by 2021.
Now a new survey conducted by Ipsos Mori on behalf of insurer Aviva has found that a lack of preparation for retirement is particularly acute among Irish women.
The survey found that just 8% of Irish women are taking steps to ensure they have adequate income after they retire. The comparative figure for men is almost three times higher but is still at the low rate of 22%.