International Women’s Day

Unpacking the gender pension gap

Prospect Union has calculated that the income gap between men and women in retirement is now 38%, more than twice the gender pay gap which is currently 15%, and in London it’s an unbelievable 75%!

The problem is, financial matters are the elephant in the room. Something that’s affecting everyone, but something that very few of us understand completely, and this is especially true when it comes to our retirement.

So join Bippit along with special guests from Penfold and Healthy Money Mind on Wednesday 8th March at 11am as we discuss the drivers for the gender pension gap, while exploring how we can normalise the conversation around money so the right support reaches the right people at the right time.

📅  Wednesday 8th March

⏱️ 11am (UK)

Reserve your place…

Despite the progress that’s been made in recent years around the gender pay gap, the vast majority of women in the workplace are still struggling to build enough money for their retirement.

The truth is, pensions are a complex instrument at the best of times…

But factor in the challenges that women face during their working lives, and security in retirement can easily become a troubling problem.

During this session, our expert panel we will discussing a range of topics including:

  • Financial education at school and at work
  • Differences in financial confidence between men and women
  • The latest news on the gender pay gap
  • Links between financial wellbeing and mental wellbeing
  • How caring responsibilities can impact pension savings
  • The challenges around pension enrolment
  • How the Cost of Living is impacting women
  • And why psychological safety is the key

    The Cost of Living is continuing to rise, with employees increasingly worried and unsure where to turn. The truth is, it can be hard to talk about money. With the reasons ranging from fear of discrimination, and feelings of shame, to a lack of trust. At the same time, businesses everywhere are coming under increasing pressure to adjust their compensation and support, at a time when costs are increasing for them as well.

    HR professionals and business leaders are faced with a lot of questions right now. Such as, how can we support employee financial wellbeing and look after their mental health at the same time? Should salaries be increased to respond to the needs and demands of employees? And is it a case of introducing more effective, and more personalised support, or simply of refining our existing policies?

    The world of work has experienced a huge shift in recent years, with more power now lying in the hands of employees, and those searching for a new role or exploring their options now expect the best support, not just the best salary.

    This means that compensation is no longer just a number, but rather a culture of care.

    The good news is that financial wellbeing, and effective mental health support, can help employees make the most out of their salary, while feeling more settled and secure at their company.

    📅  Wednesday 8th March

    ⏱️ 11am (UK)

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