Women and wealth report
More than half of women we surveyed reported challenges in finding reliable and affordable financial advice. Let’s change that.
This report is a valuable resource for everyone—women, and men who want to support the women in their lives. Together, we can create a more equitable financial landscape, empowering women to achieve their financial goals.
Starting a family
57% of women experienced a reduction in disposable income after becoming a parent
Becoming a parent is one of life’s most transformative experiences, bringing immense joy and new financial priorities. For many women, this shift also means balancing increased expenses with a reduced income, requiring a change in financial strategy.
So, what do you need to know if you go part time after having children?
PREPARING FOR RETIREMENT
Just 11% of women described themselves as "very confident" in their retirement savings
Retirement is a major life transition, offering the opportunity to enjoy the rewards of decades of hard work. For many women, however, the shift from saving to spending comes with uncertainty.
Careful financial planning is essential to ensure a comfortable and secure future, yet confidence in retirement preparedness varies widely.
LOSING A PARTNER
30% of female respondents to our survey had experienced the loss of a partner, higher than their male counterparts at 22%
Losing a partner is a life-changing experience that leaves many women facing not only emotional grief but also significant financial upheaval. These financial changes may bring financial struggles. 50% of women said they found it difficult to manage household expenses alone after their bereavement, placing this first among their financial challenges.
Experiencing divorce
63% of women found that adjusting to life on a single income was the biggest challenge post divorce
Untangling finances after a divorce is rarely straightforward. For many women, this period involves navigating financial change as well as legal complexities, and re-establishing financial independence. The loss of dual income and increased living expenses affected respondents’ ability to save and invest the most. Meanwhile, the division of assets and legal fees placed added strains on financial stability.
What challenges have you faced in finding reliable and affordable financial advice?
54% High cost of services.
24% Lack of transparency in adviser fees.
23% Limited availability of trustworthy advisers.
16 % Difficulty in finding advisers who understand my financial situation.
14% Limited access to advisers in my area.
Accessing financial advice
Access to financial advice is a crucial element of long-term financial stability, yet many women encounter obstacles when trying to find expertise that meets their needs.
It is important to consider the value of financial advice, which can help mitigate costly mistakes and create longterm financial security. At SPW, all meetings up to and including the presentation of the financial plan, are free until recommendations are taken up, ensuring our clients can explore their options without financial pressure.
How SPW can help
Financial advice for key life moments
Life is full of transitions – some planned, others unexpected. Becoming a parent, going through a divorce, losing a loved one, planning for retirement, or simply navigating financial decisions can all feel overwhelming.
We know that getting to grips with your finances can be daunting, so engaging with a financial adviser could help you provide the advice you may need. A qualified adviser can create a plan tailored to your goals and priorities, offer advice on financial products and investments, and answer any questions you have, reach out to us today to find out how our Advisers can support.
Let's start with a free initial consultation
We'll begin with a free, no obligation conversation to understand if our service is right for you. There are no hidden fees or charges, and you’ll only pay if you choose to go ahead with the recommendations in your personalised financial plan.