Economic Affairs: Women and finance - a case of mutual need

Women would benefit - personally and professionally - from more involvement in finance, and so would finance

On International Women's Day last week, the private bank UBS put out a report stating that 58 per cent of wealthy women defer to their spouses when it comes to making long-term financial decisions, such as investment, insurance and retirement planning.

In Singapore, the proportion of women who leave such matters to their husbands is a startling 72 per cent - the highest among the nine markets covered in the survey.

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A version of this article appeared in the print edition of The Straits Times on March 13, 2019, with the headline 'Women and finance - a case of mutual need'. Print Edition | Subscribe