By Rachel Fixsen2021-03-08T16:07:00+00:00
Younger women in Denmark are on track to have larger pension pots than their male contemporaries by the time they retire – even though females retiring now are doing so on pension savings that are a fifth lower than men’s, according to data published on International Women’s Day by the Danish pensions industry association.
Kent Damsgaard, chief executive officer of Insurance & Pension Denmark (IPD), said: “Young women have overtaken men in higher education. With education also comes higher wages and greater job security.”
According to IPD, women currently reaching pension age on average have pension savings that are 22% lower than men’s, but women who started work in the last ten years – those born between 1980 and 1984 – will have larger volumes of pension savings than their male counterparts when they retire in around 30 years’ time.