Squeeze forcing women to save less into pensions

The squeeze on household budgets has led to women placing a smaller share of their income into pension savings, but men are managing to put a larger proportion of their income aside, a study has suggested.

The gender gap has widened over the past year with the average amount men are putting aside after tax increasing from 9.7% to 10.2%, but for women there has been a reduction from 8.8% to 7.5%, Halifax found.