Women left behind
Laura Abba, ANZ’s head of product services and customer experience, funds and insurance, is to address the High-Cost Chromosome forum run by the Retirement Policy and Research Centre later this month.
She said there was a gender gap for women in both investments and insurance, and women were significantly falling behind financially. “The conversation needs to be broader going forward, rather than focusing on the gender pay gap.”
The expected “savings gap” – the difference between what men and women will end up with on average in their KiwiSaver accounts on retirement, has now increased to 37%, from 28% last year.
Abba said that was partly because of the time women sometimes took out of the workforce for family and because they tended to invest more conservatively than men. “That can have a big impact on outcomes.”
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)