Women avoid making financial decisions on savings and investments because they feel threatened, according to a survey by National Savings.
National Savings's research claims men take the lead in arranging life, pensions and investments because women lack confidence in making financial decisions.
The survey of 4,000 adults shows only one in ten women make investment decisions compared with one in five men. Pension policies are arranged by 31 per cent of men compared with 19 per cent of women.
The gap between men and women is narrowed when it comes to life assurance with 29 per cent of men making provisions against 23 per cent of women.
Twice as many men use the internet to buy financial products and four times as many men than women use it for savings and investing money.
National Savings commercial director Chris Moxley says: "Despite other areas of life where women do take the initiative, when it comes to their financial affairs they still need to take more control."