The current financial and economic crisis has serious implications for the underlying ageing challenge. It has demonstrated weaknesses in the design and long-term sustainability of numerous pension schemes. While many EU countries have undertaken measures to adapt to these challenges it is important to ensure that the effects of the crisis and austerity plans do not adversely affect women. Initially this article outlines women's employment and pension situation before considering the implications of the crisis on their pension prospects. Finally, it highlights the need for in-depth discussions about pension systems in the EU which place women at the centre.