View more on these topics

Women shun financial services

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&#39s 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.

Recommended

City job boost for unemployed

The British jobless could find themselves plucked from the dole queue and given jobs in the City, if plans discussed by Government ministers go ahead.Minister Tessa Jowell and financial secretary to the Treasury financial secretary Stephen Timms have hosted a seminar to discuss how the US pioneered scheme could work in the UK.The US scheme […]

Economists predict no change on interest rates

Most economists predict the Bank of England will hold interest rates over the next week.A Reuters survey of 35 economists found more than half believed the Monetary Policy Committee, which makes decisions on rates, will leave them unchanged. Bank of America spokesman Rob Hayward, said: “Since there hasn&#39t been any untoward news on inflation and […]

Pru on hunt for buys as it bids to be Goliath of the industry

The Government has revealed radical plans to subsidise the low-paid tostay in occupational pension schemes.The move will ensure the low-paid do not stop contributions and rely onthe state.It has been welcomed by the National Association of Pension Funds andpension providers.The NAPF has repeat edly warned the Government about the damage itspension reforms could do to […]

Skipton fights carpetbaggers

Skipton Building Society have made a move in the war against carpetbaggers by raising its minimum account levels.The beleaguered building society is more than doubling the minimum opening balance on its savings accounts from £2,000 to £5,000.The society has been targeted along with Chelsea and Portman building societies, by www.carpetbaggers.com, the website aiming to end […]

What can drive the India story forward?

By Kunal Desai, head of Indian equities, Neptune Since the election of Narendra Modi as prime minister in May 2014, Indian equities have gone on to outperform both developed and emerging markets. A busy period of governmental and economic reforms, a lower oil price and falling political risk have been the primary drivers over this […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment