Lack of confidence means women lose out financially - Scottish Friendly

Men more likely to save into pension

Hannah Godfrey
clock • 2 min read

There is a stark difference in the way men and women approach savings and investment, with men considered to be significantly more confident than women, a report by Scottish Friendly has found.

The report found nearly half of men (45%) said they are "very" or "extremely confident" when it comes to managing their finances, compared to less than a third (31%) of women. The report suggested this confidence - or lack of - has led to varying investment behaviour between the sexes. A quarter (25%) of men use stocks and shares ISAs compared to just 12% of women. Among those choosing not to invest in stocks and shares, the most likely reason men gave was that they are waiting until they earn more money (25%) followed by a preference for the security of cash ISAs and bank/building so...

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 ISAs

Complexity of ISA cash restrictions likely to discourage investing

Complexity of ISA cash restrictions likely to discourage investing

HMRC ISA proposals

clock 01 July 2026 • 4 min read
Treasury consults on first-time buyer ISA

Treasury consults on first-time buyer ISA

Set to replace LISA

Sophia Panayi
clock 24 June 2026 • 3 min read
Treasury confirms 22% stocks and shares ISA cash interest charge

Treasury confirms 22% stocks and shares ISA cash interest charge

Part of cash ISA reforms published today

Sophia Panayi
clock 23 June 2026 • 3 min read