Understanding the gender and ethnicity pensions gap

In the UK, the gender pension gap has long been documented. By the time a typical woman reaches retirement, she has around half the private pension wealth of a man. Evidence also suggests that outcomes are even worse for people from ethnic minority backgrounds. Yet the available data rarely captures the full picture. Women from ethnic minority groups have many influences shaping their financial decisions, including culture, faith and socioeconomic circumstances. Understanding how these factors affect how these women feel about money and their future will help trustees and sponsors see where...