Taking control: Are more women seeking financial advice?

International Women’s Day

Victoria McKeever
clock • 4 min read

With International Women's Day highlighting the number of financial issues women still face, the need for advice has never been greater. Victoria McKeever spoke to advisers to see if they have seen a rise in demand

Despite efforts to draw attention to the disadvantages women face financially, PA continuously sees a range of research that tells us these issues persist. Perhaps one of the most striking statistics is that the gender pay gap is not expected to close until at least 2050. What's more, while women are more likely to save than men, research from the Chartered Insurance Institute (CII) finds they typically save lower amounts. For instance, women aged 25 to 34 are more likely to hold an ISA - 1.5m compared with 1.38m men - but the average ISA market value for this group of women is £5,118...

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