DänemarkWomen in Denmark had pension savings at the end of last year that were 25% smaller than those of men, but there are signs they are catching up, according to a report from the Danish central bank.

Danmarks Nationalbank released pension statistics for individuals for the end of December 2018 showing women had average pension savings of just under DKK796,000 (€106,500), while men had more than DKK1.06m in their pension pots.

For both men and women, there was a wide divergence in the size of individual pension fortunes, the bank said, with age being the main factor.

There were a number of other factors determining pension size, it said, and these related to salary, collective agreements, savings rates and varying labour-market participation due to, for example, maternity and part-time employment.