Women keen to invest but worry about losing money - research

Only 31% go to IFAs

Sophie King
clock • 1 min read

Half of women (49%) believe they are just as interested in investing as men, but just as many are concerned about choosing the wrong investment and losing money, research by YouGov and Like Minds has found.

The study, which surveyed 1,094 women, found half (51%) of respondents were worried about losing money as a result of picking the wrong investment. A similar proportion (47%), however, thought women were "at least as confident as men" when it came to investing their money. Elsewhere, the research found that, while a third of women said advisers would be their first port of call for financial advice, 37% felt advisers were too expensive. The participants said consumer finance websites would be their second choice (24%) to help them with their investment decisions, while a close relativ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Infrastructure: A good investment gone bad – and then good again?

Infrastructure: A good investment gone bad – and then good again?

'Infrastructure - a victim of a unique set of circumstances'

Darius McDermott
clock 02 May 2024 • 5 min read
Investment opportunities 'differ by client age group'

Investment opportunities 'differ by client age group'

‘Advisers should consider personal circumstances when it comes to investment’

Isabel Baxter
clock 02 May 2024 • 1 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 02 May 2024 • 2 min read