For every £1 a man has in his private pension pot a woman has just 42p according to research from pension company Royal London.
When it comes to the State Pension, the gap has closed considerably for people retiring today. But women in their 80s are still getting up to 25% less than men.
This week on Money Box Live, we're looking at the reasons behind is as well as what can be done to boost savings.
Find out more about a little known pot of money the government has set aside mainly for women, who didn't work because they were looking after children, between 1978 and 2010 - which is largely going unclaimed. We also hear the struggle of a woman who struggled after the state pension age for women was raised from 60 to 66 and what might happen next with the campaign against it.
With Felicity Hannah is Sir Steve Webb, former pensions minister and and now partner at pensions consultancy Lane Clark and Peacock and Daniela Silcock who has her own pensions research company.
Presenter: Felicity Hannah Producer: Sarah Rogers and Helen Ledwick Editor: Jess Quayle
(This episode was first broadcast on Wednesday the 16th of July 2025)