Closing the gender gap: Female consumer engagement in financial products
Will financial institutions seize the opportunity to bridge the gender financial security gap?
We are delighted to partner with the Fawcett Society to explore the issues facing women when engaging with pensions and other financial products.
Our new report highlights the factors that constrain women’s ability to plan effectively for their financial futures, including how women:
- are underinvesting in pensions and financial products
- are under-insuring themselves, relative to men
- have different attitudes and priorities when considering their financial futures
- are more likely to experience poverty in retirement
The report is published against the backdrop of a gender pay gap that sees women earning less over their working lives. This alone creates a financial security gap, but we also discuss other factors that lead to women saving less, as they face risks over the course of their lives that are uniquely linked to the female experience.
We hope our findings help to instigate not only industry debate, but also innovation and development from those who have the ability to positively impact gender inequality through their policy making, product design and promotion of financial capability.
Download the full report (PDF, 1.6 MB).