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Why red tape is tying up women in advice

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3 April 2023 by Helen Baker, Independent Financial Adviser

Article link: https://www.ifa.com.au/opinion/32601-why-red-tape-is-tying-up-women-in-advice

Research published in Harvard Business Review in 2019 found that women in business perform better and earn more when they have a supportive network of female peers around them: “Because women seeking positions of executive leadership often face cultural and political hurdles that men typically do not, they benefit from an inner circle of close female contacts that can share private information,” it stated.

Adviser Ratings suggests the number of female advisers has been falling since 2018 — the same year as the banking royal commission.

In an overzealous attempt to remove conflicts of interest within the industry, regulators have made it harder for new blood to enter the industry, with women bearing the bulk of this burden.


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