Women match men for investment knowledge but lack confidence when it comes to investing and taking risks, according to research from HSBC UK.
The bank, with the help of YouGov, spoke to 2,000 UK savers and carried out customer interviews to reach its findings. It found three-quarters (72%) of women do not like to take investment risks, in comparison to half (54%) of men. It said one-in-five (19%) women have an equities ISA, while one-in-three (32%) men do. HSBC also found one-third (35%) of women find financial jargon off-putting, while this was only the case for one-quarter (26%) of men. The bank said the advice sector's reliance on financial jargon meant women may not be reaching their "full financial potential", while...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
