Calls for more female advisers as money woes hit women hard
There's also more room for women in the financial advice sector and an opportunity for advisers to engage better with them.
The FSC has released its final report for 2021 - Money and You: Women and Financial Wellbeing in New Zealand - that looks at how Kiwi women approach their finances and the obstacles they face in achieving financial confidence and wellbeing.
While more than 70% of women surveyed say financial well-being influences their overall well-being, just 4.8% say they use the services of a financial adviser, compared to 7.2% of men.
The report found that women lack financial confidence, but are better investors than men in terms of returns.
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