A NEW global study from WTW highlights a startling difference between the wealth accumulation of men and women at the point of retirement around the world. The 2022 WTW Global Gender Wealth Equity report shows that on average, women are expected to reach retirement with just 74 percent of the wealth accumulated by men. In Asia Pacific (APAC), women are expected to accumulate just over three-quarters or 76 percent of men's wealth levels, two points above the global average.

The study highlights that the gender wealth gap at retirement increases with seniority. Globally, women in senior expert and leadership roles are found to have less than two-thirds or 62 percent of the accumulated wealth that their male counterparts enjoy at retirement. For mid-level professional and technical roles, the gap is still substantial at 69 percent, but it narrows considerably to 89 percent for frontline operational roles.