In response to the shift in women’s attitudes to investment and their role within society, BNY Mellon has produced a free ‘Guide to Investing for Women’ to provide an introduction to investing and looks at some of the practical considerations to take into account.
BNY Mellon said the guide aims at addressing the increasing financial concerns among women and analyses the different attitudes women and men have towards investing.
“Woman are generally less financially confident than men and do not feel prepared to make financial decisions but this does not mean they are necessarily more risk adverse,” BNY Mellon said.
Commenting on the guide, Samantha Hurditch at BNY Mellon said: “I believe that planning for your financial future is an important consideration regardless of gender. What is specific to woman is their changing role in society. There are now 2.2m working mothers who are the primary breadwinners for example, fewer women are marrying and divorce is more prevalent today than in previous generations. Combine this with a challenging economic backdrop and there are profound changes taking place in women’s attitudes, not least towards money and financial planning.
“Recent research shows that women have a similar wide range of financial needs and aspirations to men but that are quite different in how they approach financial matters – the research shows that women particularly dislike being ‘sold’ to; instead, they prefer to understand their own needs and the options open to them. They can then, in turn, feel more confident about taking the important decisions that can affect their financial futures, or to discuss these with advisers without feeling pressured. Finance doesn’t have to be complicated – there’s a lot of jargon used in the financial industry which can be off-putting and our guide had been written to provide a comprehensive introduction to investing.”
The guide forms part of a series produced by BNY Mellon aimed at helping retail investors navigate specific areas of investment.
To download the guide please click the here or visit: http://uk.retail.bnymellonam.co.uk/sites/uk_retail/campaigns/our_guide_to_investing_for_women/our_guide_to_investing_for_women.html