Jackie Boylan, Head of FundsNetwork for Fidelity International comments: “Our twenties and thirties can be vital years for building up longer term savings as well as hitting financial milestones. Financial advice can help us to think ahead, for both short and long-term goals and navigating any obstacles, and for women this is arguably even more crucial. The gender pension gap is all too real, and now we have a whole generation of women set back even further by Covid-19: job losses, taking on more of the caring responsibilities as well as the domestic burden. Women should feel empowered to seek financial advice from a younger age, but there are too many barriers in the way from cost to a lack of confidence – meaning women are coming to it much later than men.
“Our Women and Money campaign has always been about finding tangible solutions to the obstacles faced by women when it comes to investing. Turning our attention to the role of financial advice seemed a natural step in our campaign journey. As part of the report launch we will be holding our fourth Women and Money Innovation Lab today [Tuesday 14th] bringing together influencers from industry, policy and media to discuss how we can make financial advice more accessible to women. We will then combine the findings from this Lab with the research in the report to build a roadmap for us all to work together to break down the barriers to advice for women.”
