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The Centre for Economics and Business Research reckons that more than half of the UK's millionaires will be females by 2025 and the Today Programme reports that the fund management industry - traditionally male dominated - is now looking at ways to reach women.
Christine Novakovic, head of wealth management at Swiss bank UBS, said a survey by the bank found women "don’t feel that confident in taking investment decisions. For example in the UK and the US about 70% of the women said they really think their husbands are better suited to look after their long-term financial planning, even a higher percentage of the female millennials – which for me is like 'please don't say that get involved'," she said.
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