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
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
