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...

To continue reading this article...

Join Professional Adviser

  • 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 Your profession

PA Working Lunches: Last chance to reserve a spot with Baillie Gifford!

PA Working Lunches: Last chance to reserve a spot with Baillie Gifford!

Advisers invited to join an informative lunch session worth one hour of CPD

Professional Adviser
clock 05 December 2022 • 1 min read
Perspective acquires East Sussex-based advice firm

Perspective acquires East Sussex-based advice firm

Deal is the 11th acquisition of the year for the national advice firm

Ayesha Venkataraman
clock 05 December 2022 • 2 min read
Sivajoti: "It's been a long term goal of ours."

NextGen Planners valued at £5m as it opens crowdfunding

Comes after initial target of £150,000 was quickly exceeded

Hope William-Smith
clock 01 December 2022 • 1 min read