Scottish Widows Report Finds 33% of Women Risk Retirement Poverty

Scottish Widows' latest Women and Retirement Report found that 33% of women are on track for retirement poverty. This poverty is defined as having an annual income of less than £13,900 for a single person or £22,500 for a two-person household. The report also noted that only 27% of women are currently on course for a comfortable retirement.

The findings highlight significant financial challenges regarding retirement planning for women. The report indicates that while the gender pension gap is narrowing and retirement prospects are improving, a substantial portion of women still face risks of insufficient income in retirement.