By Sohaib Shams
Women experiencing menopause or perimenopause risk significant losses to their pension savings, according to a new report from Scottish Widows. Nearly three in 10 women surveyed said the transition had affected how much they could save for retirement, while half reported negative career impacts including reduced hours and missed promotions.
Career Impact and Financial Consequences
The survey found that 17% of women had taken time off work to manage symptoms, 13% reduced working hours, and 10% turned down a promotion. Data modelling showed a 50-year-old woman taking a six-month unpaid break could lose £1,300 in pension contributions, with long-term compound interest effects widening the gap further.
Employer Support Needed
Half of women experiencing symptoms said they wanted greater employer support. Two-thirds believed employers should be required to provide better support, including financial assistance. Scottish Widows recommended menopause-friendly workplace cultures, private healthcare coverage, partnerships with menopause charities, and centralized policy resources.
Expert Commentary
Susan Hope, a retirement expert at Scottish Widows, said menopause often coincides with peak earning years and can compound the gender pension gap. Pensions Commissioner Baroness Jeannie Drake emphasized the need for a private pension system more responsive to women's needs. Ruth Wilkinson of the Institution of Occupational Safety and Health urged holistic workplace approaches including risk assessments and practical adjustments.
Survey Details
YouGov surveyed more than 4,000 people across Britain in August, including 1,025 women with menopause or perimenopause symptoms. The research also showed 51% of women aged 35-44 and 82% of those aged 45-54 reported experiencing a health condition, compared to 29% and 45% of men in the same age groups.
