01.31.22

How Can Our Industry Help Narrow the Gender Gap?

by: Terri Fiedler

AIG Financial Distributors President and CEO Terri Fiedler writes that people are considering future events and the impact on their finances more critically, according to new AIG Life & Retirement research. Women seem less likely have experienced financial improvements over the previous year compared to men, especially in terms of retirement readiness. One of the most critical steps to close the gender gap is for more women to work with financial professionals, and Fiedler writes that advisors, conversely, should make women a significant part of their business strategy. Recruiting more women for careers in financial services and insurance is one approach, while leadership must communicate clearly and consistently why this is critical to the success of their companies. "Additionally, companies need to not just have these programs in place, but also regularly evaluate their progress and adjust as necessary," Fiedler observes.

Read the full article on ThinkAdvisor