Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, whether he has (a) made an assessment of the underlying causes of the gender pension gap and (b) considered developing a cross-government strategy to address those causes and reduce the gap.
The Government recognises that the gender pensions gap reflects a range of factors, including differences in earnings, working patterns, labour market participation and the accumulation of private pension savings over working lives.
The Department for Work and Pensions has assessed differences in pension outcomes between men and women through its published analysis of the Gender Pensions Gap in Private Pensions: 2020 to 2022, which found that the Gender Pensions Gap for those approaching retirement (aged between 55 and 59) between 2020 and 2022 stood at 48%. This publication also highlights underlying causes of the gender pension gap and that the differences in pension outcomes between men and women become most apparent once women reach their 30’s, a trend driven by childcare responsibilities.
A range of activity is already underway across Government that could help improve pension outcomes for women. This includes a Government review of the parental leave and pay system and the appointment of Mariella Frostrup as Women’s Employment Ambassador in April 2026. The Ministry of Justice has also consulted on proposals to support greater use of pension sharing on divorce, where appropriate.
The Pensions Commission is exploring how to improve retirement outcomes, especially for those on the lowest incomes and at the greatest risk of poverty or under saving, including women. The Government will consider their recommendations carefully on publication of the Pension Commission’s final report in early 2027.