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 society products (17%).
A fifth of women meanwhile were more afraid of losing money (20%), while 18% were concerned they did not fully understand the product.
The results are based on a nationally representative survey of 2,000 adults, carried out in January and February 2018.
Scottish Friendly said at a time when the "vast majority" of cash ISAs are offering returns below the current rate of inflation, women could be losing out on the prospect of potentially greater returns from stocks and shares due to a fear of investing. There is very little difference between genders when it comes to cash ISAs.
During the past 12 months, 30% of men have opened a savings or investment product for the first time, compared to 23% of women.
The report found men are more likely to be saving into a pension (36%) than women (23%), while women place a greater priority on saving or investing to help buy a house (12% compared to 6%).
Scottish Friendly savings expert Calum Bennie said a lack of confidence when it comes to saving and investing is often down to a lack of knowledge or understanding.
"These figures are particularly worrying as this seems to be an issue for large swathes of people, particularly women, which is impacting their approach to savings and investments," he said.
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