Retirement crisis now threatens nearly a million women to retire early due to menopausal symptoms
Retirement crisis now threatens nearly a million women to retire early due to menopausal symptoms, government adviser warns
- Andy Briggs said a million women left their jobs because of menopause
- Mr. Briggs is also the corporate champion for older government employees
- Recommendations include more clinical support for women with symptoms
A pension crisis is looming as too many women experiencing menopause symptoms are retiring early, a government adviser warned.
Andy Briggs, the government’s corporate champion for older workers, said nearly a million women have left their jobs because of menopause.
Affected women are usually between the ages of 45 and 55, when they usually earn the most and can contribute the most to their retirement at work.
Andy Briggs (pictured), the government’s corporate champion for older workers, said nearly a million women have left their jobs because of menopause
Briggs told The Mail on Sunday: ‘Almost four million women in the UK are between the ages of 45 and 55 and have a job. And women over 50 are the fastest growing segment of the workforce. Yet one in five women leave the workplace as a result of a number of menopausal symptoms.’
He added: ‘Leaving the workplace when you’re 50 – while we know you’re much less likely than someone younger to go back to work – has a huge impact on your retirement income.’
He said many of these women may also have taken a career break to look after the children – “one of the reasons why women generally have lower pensions”.
Mr Briggs, who heads the UK’s largest pension company, Phoenix, co-chairs the 50Plus Choices Employer Taskforce of business groups with Employment Secretary Mims Davies.
Affected women are usually between the ages of 45 and 55 – when they usually earn the most and can contribute the most to their retirement at work (stock image)
It released a report that aims to help older women stay in work.
Recommendations include increased clinical support for women with menopausal symptoms, more appropriate sick leave policies, a government-backed effort to promote conversations in the workplace, and the creation of a “menopausal ambassador.”
Mr Briggs said: ‘Six out of ten women tell us that menopause has a significant impact on them from a work perspective. And yet it’s just never talked about.’