A new report is forecasting that the gender pension gap will be closed by 2050.
Women in Ireland currently retire with 31% less in their pension pot than their male counterparts.
Factors that have contributed to this include the gender pay gap, the impact of motherhood on women's careers, and the impact of career breaks.
A new report commissioned by AIB and created in partnership with The Future Laboratory consultancy, analyses the socio-economic factors that are contributing to the closure of the gap.
The study "Closing The Gender Pension Gap" is forecasting that gender pension parity will be achieved in Ireland by the year 2050, meaning that girls born today will not experience pension inequality in their lifetime.
The report identifies key trends that will support existing momentum around closing the gap including more agile and diverse workplaces, as well as women taking a more active role in managing financial planning.
"So much of the discussion around the gender pension gap focuses on the negatives," said report author, Miriam Rayman of The Future Laboratory.
"Yes, we're not at pension parity yet, but based on a series of socio-cultural, economic and political shifts, change is taking place and that gap is closing. For many women, this will happen within their working lives," Ms Rayman said.
AIB Head of Wealth, Ciara Ryan, said it is promising to know that gender pension parity will likely be achieved in Ireland in the next 25 years.
"There are several factors that contribute to this, but one that we are very encouraged to see, is that women are expected to take a more active role in managing their financial futures, to accelerate pension parity," Ms Ryan said.
