Targeting equity across pensions, together.
The Pensions Equity Group brings together over 50 passionate pension industry representatives from companies and organisations across the pensions industry, including: Abrdn, Aegon, Aon, Arc Pensions Law, Aviva, Barnett Waddingham, Dalriada Trustees, Hymans Robertson, Legal & General, LCP, Mattioli Woods plc, MFS Investment Management, NOW: Pensions, Pinsent Masons, Pensions Policy Institute, PLSA, Quietroom, Royal London Group, Smart Pension, Sackers, Scottish Widows, WTW and USS.
Together, we are motivated to achieve equitable pension outcomes in the UK. We believe we stand the best chance of success by working together to tackle this issue, setting aside individual commercial objectives.
Kim Brown, Chair of the Pensions Equity Group
Many in our society are not saving enough for retirement and this needs to change. We talk a lot about it, but we want to make it happen.
“Tackling pensions inequality requires us to come together as an industry, bringing our shared expertise to bear on the systemic barriers that disproportionately impact many across our society. Everyone deserves the opportunity to secure a better retirement, irrespective of their gender or background.”
Kim Brown, Chair of the Pensions Equity Group.
To achieve pension equity, we will:
To meet these ambitions, the group has been structured into four workstreams, with representatives from across the industry meeting on a regular basis to deliver for each workstream:
Reducing the gender pension gap guide
A woman retires, on average, with half the pension of a man. That's a big gap. The gender pension gap. We want this to change.
Help for employers
It’s a legal requirement for businesses with more than 250 employees to report on the gender pay gap, helping to make businesses more inclusive. The largest single benefit provided by employers is a pension. Here lies the opportunity. We want to help employers with the gender pension gap: how to identify it and how to reduce it.
We’ve created a guide for employers to use, giving really actionable and clear recommendations they can think about to understand their gender pension gap and then help to reduce it by going beyond the minimum, raising awareness with employees and making positive policy changes.
Download the Reducing the gender pension gap guide.
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