Pensions: Women retiring on £5,750 less a year

The gap between men's and women's retirement incomes is narrowing, but this is more due to male incomes falling than women boosting their pension pots, a study has found.

The typical sum that men and women expect to retire on in 2012 including their private, company and state pensions has reached a five-year low of £15,500 annually, compared with £16,600 in 2011, Prudential said.