Too many women feel shunned by the financial services industry, according to a new Government report.
Minister for women Margaret Jay speaking out at a Money Marketing conference, said she was concerned women are failing to invest despite an increase in numbers with independent earnings.
She said: “Many women are failing to invest because they feel information on savings, pensions and investments are not accessible to them.
“Financial products have traditionally been designed to meet the needs of the male-dominated workplace. Women, particularly mothers, have very different working lives to men and tend to be penalised in terms of pay and promotion.”
The government's view has been supported by a Mori poll out this week which shows 16 per cent of women want mortgages with the flexibility to take complete payment breaks for several months.