A higher proportion of men are retiring on a full
state pension than women, according to government figures.
Some 85 per cent of men are able to claim a full state
pension, compared to 30 per cent of women, the Department for Work and
Pensions statistics reveal.
The government has warned women who do not have
personal pension plans or
savings accounts that they could be reliant on the state after reaching retirement.
Meg Munn, minister for women, stated that this would be an unwanted situation for most women.
Minister for pension reform, James Purnell, commented: "Half of all women stop saving for retirement when they have children.
"Our reforms recognise this caring role with a new contributory principle - making the state
pension system fairer for women and carers who take time away from employment to raise children or look after others."
Mr Purnell added that the government planned to make it easier for women to have a
personal pension plan.
Recent government reforms on the pension system could lead to many working until the age of 68 before they are able to take out a state pension.