19 November 2015
A recent Women and Retirement report by Scottish Widows has concluded that women in their twenties save twice as men in relation to pension contributions, however this trend reverses once they reach their thirties.
Gulnur Muradoglu, Professor of Finance and Director of the Behavioural Finance Working Group at Queen Mary University of London believes 'women are by nature more conservative and risk-averse about their finances than men'.
According to Professor Muradoglu, "As they are aware that they are going to be less likely to save in their 30s due to the impact of career breaks, women ensure that they are plugging this gap by ramping up saving in their 20s'.
More needs to be done to understand the savings and investment behaviour of women; rich and poor, working and not working; singles and couples; with and without children – and how financial products and advice can be adapted accordingly."
Read more at Mail Online.