It’s still a man’s world

Women’s earning and spending power is increasing, but not their financial confidence. Where does the problem lie?

Elize Botha

in a consumer survey by the Boston Consulting Group (BCG) of 12 000 women from 21 countries, 73% of respondents said they were unhappy with the level of service offered by their financial provider and 71% were unhappy with the product offering. The majority of women surveyed believe that their gender was a key factor in the way they were negatively treated, citing that they had been met with disrespectful attitudes, condescension and been offered “onesize- fits-all” solutions, among other issues. While the 2017 Old Mutual Saving & Investment Monitor (Monitor) didn’t measure South African women’s current level of satisfaction with local providers, research shows that women continue to doubt their own ability to transact with their banks or financial advisers on equal terms. When asked to rate their ability to make good…

You're reading a preview of

Finweek - English (Digital) - 1 Issue, 19-oct-17

DiscountMags is a licensed distributor (not a publisher) of the above content and Publication through Zinio LLC. Accordingly, we have no editorial control over the Publications. Any opinions, advice, statements, services, offers or other information or content expressed or made available by third parties, including those made in Publications offered on our website, are those of the respective author(s) or publisher(s) and not of DiscountMags. DiscountMags does not guarantee the accuracy, completeness, truthfulness, or usefulness of all or any portion of any publication or any services or offers made by third parties, nor will we be liable for any loss or damage caused by your reliance on information contained in any Publication, or your use of services offered, or your acceptance of any offers made through the Service or the Publications. For content removal requests, please contact Zinio.