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National Savings finds women wary of taking life and pensions cover

Women avoid making financial decisions on savings and investments because they feel threatened, according to a survey by National Savings.

National Savings&#39s 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: &#34Despite other areas of life where women do take the initiative, when it comes to their financial affairs they still need to take more control.&#34


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Three questions for employers…

The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.


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