Rise of the female

On 11 July 2016, Theresa May was appointed as only the second ever female Prime Minister in the UK.

This may seem astonishing when you consider we have been electing Prime Ministers since the 18th Century, but perhaps not so surprising when you remember that women were only given the right to vote in 1918, and even then, only to women over the age of 30.

But it’s not just the political forum where females are a rarity…

The business world is changing

Female advisersThe Government noted the poor representation of females sitting on corporate boards and appointed Lord Davies of Abersoch to conduct a review in 2010.

He found that women were included in only 12.5% of the boards of FTSE 100 companies – a small increase since 9.4% in 2004. With women achieving higher qualifications than men, it was questioned whether the right people were being appointed, and steps were taken to help ensure a greater female presence.

Even though recent figures show that women are still paid less than men in 90% of sectors1, data from 2013 showed that 41% of women earned more than their other half, up from an estimate of 26% two decades ago2.

Choosing your IFA

For some people, being able to choose the gender of your adviser is important.

Studies have found that women like to process more information than men before reaching an investment (or other) decision. It could be argued that another woman may understand why this better as they can empathise with it.

The percentage of women in the Independent Financial Adviser sector is rumoured to be less than 10%.

As a company where all our advisers are female, we do have many women clients. Having said that, many men also come to us because they prefer a female adviser. Whoever you are, we are happy to help.

At Monetary Solutions Ltd, you can book a free initial consultation about any financial matters, so please call us on 020 8655 8488.

1 gov.uk ‘Opportunities and outcomes in education and work: Gender effects’ 17 November 2015

2 The Telegraph 18th July 2013

Allowances, limits and thresholds correct at the time of writing, but are subject to change in the future. Please confirm the current position before taking any action

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