Minding the pension gender gap

Female employees are saving less than their male counterparts
By Tom Reid
|Canadian HR Reporter|Last Updated: 11/03/2014

Research has become an indispensable tool in the retirement savings business as we seek new insights to help plan members and employers create better retirement outcomes. And the research can occasionally yield unexpected results.

One of the biggest surprises is the difference between men and women in terms of saving for retirement. From savings expectations to financial knowledge to total account balances, there is a significant gap between the sexes, with men demonstrating better behaviours on all counts, according to Sun Life research.