The state pensions gender gap has narrowed to \u00a31.80 per week on average for those who have recently started to claim it, according to Department for Work and Pensions (DWP) figures.<\/p>\n
Statistics covering December 1 2023 to November 30 2024, reflecting \u201cinflows to the new state pension\u201d, show that on average women are receiving 99.1% of the amount received by men.<\/p>\n
The amounts for men and women are on course to be equal very shortly, the department said.<\/p>\n
The data was obtained following a freedom of information (FOI) request by former Liberal Democrat pensions minister Sir Steve Webb, who is now a partner at consultants LCP (Lane Clark & Peacock).<\/p>\n
Sir Steve requested data showing the average amount of new state pension received by men and women who had claimed within the latest 12 months for which the figures are available.<\/p>\n
According to the FOI response, the average newly retired man now receives a pension of \u00a3209.95 per week, with the average newly retired woman getting \u00a3208.15.<\/p>\n
The new state pension was introduced in 2016, simplifying the system.<\/p>\n
It had to be phased in gradually, helping to protect the pension rights that some people had already built up under the old system.<\/p>\n
Women often lost out under the previous system, due to career gaps and caring responsibilities.<\/p>\n
The FOI response said: \u201cWomen on the new state pension are receiving over \u00a318 more per week than those on the pre-2016 system.<\/p>\n
\u201cThat is around 98% of the amount received by men (the average for women under the pre-2016 system is 86%).\u201d<\/p>\n
Sir Steve said: \u201cI am delighted to see that when it comes to the state pension, the battle against the gender pension gap is nearly won for those retiring today.<\/p>\n
\u201cWhen there is so much negative news about gaps between men and women when it comes to pensions, these figures show that things can be changed provided that there is the political will to do so.<\/p>\n
\u201cThere are however far too many women who have already retired who are living on reduced pensions and I will continue to campaign for them to be treated fairly, including by rooting out all of the errors which have led to so many being underpaid for so long.\u201d<\/p>\n
Helen Morrissey, head of retirement analysis at Hargreaves Lansdown, said: \u201cDespite this progress, much more needs to be done to close the gender pension gap more widely.\u201d<\/p>\n
She added: \u201cWe need wider reform to address the reasons why women have to leave the workplace or have gaps in their pension saving by making sure they are able to access good quality and affordable childcare as well as more flexibility in the workplace.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The state pensions gender gap has narrowed to \u00a31.80 per week on average for those who have recently…\n","protected":false},"author":2,"featured_media":46813,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,26311,26310,4174,4175,2221,12169,56,54,55],"class_list":{"0":"post-46812","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-gender-gap","11":"tag-pension-gap","12":"tag-personal-finance","13":"tag-personalfinance","14":"tag-state-pension","15":"tag-state-pensions","16":"tag-uk","17":"tag-united-kingdom","18":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/46812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=46812"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/46812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/46813"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=46812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=46812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=46812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}