Women taking more control of finances but lack trust in advisers

More than half of women controlling household finances

Sahar Nazir
clock • 1 min read

Women are increasingly taking control of finances in the household and nearly half (47%) of them worry about being able to trust a financial adviser, according to M&G.

Its Untapped Potential of Women's Wealth report found that more than half of women who are in a relationship manage the day-to-day spending (57%) and investments (50%) in their households. It also found that a third (33%) of women worry they would be criticised about past financial decisions if they sought advice. When considering a relationship with a financial adviser, 92% of women would be more likely to work with someone who listens to and understands their need and 87% want an adviser to give them the confidence to make investment choices. Women (43%) are also much more concerned...

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 Your profession

Friday Night Takeaway: It's the return of the banks

Friday Night Takeaway: It's the return of the banks

The news editor's Friday Night Takeaway from 10 July

Isabel Baxter
clock 10 July 2026 • 3 min read
Carla Brown on PFS/CII relationship reset and how chartered status is 'essential'

Carla Brown on PFS/CII relationship reset and how chartered status is 'essential'

PFS president and chair joins Professional Adviser in the studio

Professional Adviser
clock 10 July 2026 • 1 min read
FCA spotlights vulnerability in latest Consumer Duty review

FCA spotlights vulnerability in latest Consumer Duty review

Treatment of vulnerable clients still an area of improvement for firms

Sophia Panayi
clock 10 July 2026 • 2 min read