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Why arent women getting into investing? Gillian Boyes Women in - - PowerPoint PPT Presentation
Why arent women getting into investing? Gillian Boyes Women in - - PowerPoint PPT Presentation
Why arent women getting into investing? Gillian Boyes Women in Super lunch| 1 August 2018 | Auckland Agenda 1. Who says women arent into investing? 2. The obvious and perhaps not so obvious reasons 3. What can we do to help?
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KiwiSaver
Source: FMA/CFFC Over 50s KiwiSaver in Money Week survey 2015 Source: ANZ research 2017
Eight years into KiwiSaver, average balances for women members of the ANZ KiwiSaver Scheme were almost 28% lower than balances for men
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Other investments
Source: FMA Investor Confidence research 2017
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Males are more knowledgeable and confident
Source: FMA Investor Confidence research 2018
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Not just a New Zealand problem
Source: YouGov omnibus survey 2018 Source: Blackrock research quoted in time.com
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Many of the reasons are obvious
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Gender pay gap leads to a gender investing gap
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Lack of knowledge and confidence
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But NOT a lack of desire or ability
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Advisers tend to be older and male
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Language uses ‘male’ metaphors
- ‘Beating’ the market – war, combat, physical fight
- ‘Level playing field’ – sports
- ‘Building’ your portfolio – construction
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Imagery is subtly – or sometimes obviously masculine
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Google images : Saving
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Google images : Investor
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What can we do?
- Recognise the problem
- Think about the products we offer
- Think about how we offer them
- Female role models
- Opportunities for women to talk about investing
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FMA KiwiSaver campaign
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Campaign awareness results
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