Women aren’t entirely sold on the idea of investment. Incomprehensible, jargon-filled and run by men in suits, most of them would rather keep their money in cash. This is a problem: women in particular need their long-term savings pots to grow ahead of inflation because they are more likely to take time out for caring responsibilities. The gender pensions gap leaves many women impoverished in later life.
The fund management industry reflects the prevailing view that the stock market is a ‘blue job’ rather than a ‘pink job’. Just one in five funds has a female manager, a ratio largely unchanged since 2008, according to a Morningstar report on fund managers and gender published in November 2016.
The investment trust sector is, if anything, even worse. Research…
