How can women take charge of their finances?
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 28 August 2019
⏱️ 19 minutes
🧾️ Download transcript
Summary
Is the wealth management industry still too geared towards male clients? And how do women plan their finances in countries where they don't even have an equal right to inherit?
Katie Prescott explores the financial literacy gender gap, and how it is slowly being bridged. She speaks to Natasha Pope, private wealth advisor at Goldman Sachs, who explains how their increasing number of wealthy female clients can take a very different approach to planning their financial futures.
Meanwhile the BBC's Georgia Tolley speaks to women in Dubai about the precarious position many Emirati women find themselves in, as the traditional paternalistic role of men in caring for female family members erodes, yet the law does not yet provide genuine financial equality to both genders.
(Picture: Woman analysing financial documents; Credit: Natee127/Getty Images)
Transcript
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| 0:00.0 | Hello and welcome to Business Daily with me, Katie Prescott. In today's program, we're looking at |
| 0:07.6 | financial literacy and the world's women. Around the world, women's wealth and income are growing |
| 0:12.6 | faster than ever. So why are wealth managers still so focused on men? I'll be hearing from some of |
| 0:18.5 | the top women in the industry and finding out how they're |
| 0:21.3 | shaking things up. Even a higher percentage of the female millennial think that their husbands |
| 0:27.6 | are better suited to look after their financial long-term planning. Please don't say that. Get |
| 0:32.2 | involved right when you're young and when you still can learn because this means that you can shape your future. |
| 0:39.0 | And financial planning when you don't control your money. |
| 0:42.2 | How do women plan for a financial future where men dominate household finance decisions? |
| 0:47.4 | Before, it was a luxury for a woman to work. |
| 0:50.0 | She had to fight with her parents to be allowed. |
| 0:51.9 | It was like, why do you need to work? We're here. |
| 0:54.4 | Business Daily on the BBC. |
| 1:00.8 | About 53% of UK millionaires will be female by 2025, |
| 1:05.8 | according to the Centre for Economics and Business Research. |
| 1:09.0 | Wealth managers, the people who look after money, |
| 1:11.1 | are falling over themselves to court women |
| 1:13.3 | who are increasingly making or inheriting large chunks of cash. |
| 1:17.4 | But that means a fundamental shift in how this male-dominated |
| 1:20.3 | and traditionally stuffy industry works, as I've been finding out. |
| 1:26.9 | In a smart office in the heart of London's Mayfair, 20 elegantly dressed women of all ages |
| 1:32.3 | are sitting around a boardroom table. |
... |
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