More female advisers 'key to closing gender advice gap'

'We are still a long way from gender equality in financial services’

Isabel Baxter
clock • 2 min read

The financial advice gender gap continues to widen with more female advisers needed in an effort to tackle this,, according to national advice firm Continuum.

Research from the national IFA found that women were more likely to have worries about their financial freedom in retirement, with just 40% of women confident in their retirement planning in comparison to 46% of men. Men (34%) are twice as likely to have a personal pension than women (16%). Whilst the gender pension gap can be partially attributed to differing working patterns, women are also less likely to take professional financial advice, Continuum noted. Only 14% of women surveyed by the firm had sought the services of a professional financial adviser when planning for retirement...

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