Scottish Widows has joined forces with Her Wealth Network to launch a new website aimed at addressing the persistent underrepresentation of women in financial services.
The new platform, herwealthnetwork.co.uk, is designed to support and develop female talent through a blend of practical resources, live events and online engagement.
The collaboration marks a further step in Scottish Widows’ long-standing commitment to championing gender equality in finance, a cause it has advanced for over two decades through its Women and Retirement Report. The insurer’s most recent report warns that, at the current pace of change, it will take at least another 20 years for women to achieve pension parity with men.
Jill Henderson, pensions spokesperson at Scottish Widows, said: “The current average gap in pension savings at retirement shows women trailing men by about £100k. There are a number of factors driving this – including the disparity in pay between men and women, and what is often called the ‘motherhood penalty’ where women have to take time out from their careers to raise children.”
She added that this gap is one of many indicators of the need for stronger female representation in the sector, to ensure financial advice is genuinely inclusive and reflective of the whole population. “Creating communities – both in person and online – where women can come together, share ideas and take forward activities which will help more females play a leading role in financial service decision making are essential, and we’re proud to support this partnership.”
Her Wealth Network, founded by Kate Webber in 2018 as Women in Asset Servicing, has expanded its membership base by 200% over the past seven years. With the backing of Scottish Widows now confirmed, the group is planning a series of live events in London, Bristol and Luxembourg during the second half of 2025, alongside a new run of regular podcasts.
Webber welcomed the sponsorship and praised Scottish Widows for its ongoing work to raise awareness of the gender pension gap. “Scottish Widows’ work on the gender pension gap is well established and the insights they have shared over the past 20 years from their reports have been groundbreaking for the industry’s understanding of how women’s lives shape their financial futures. We look forward to working with them on more events, podcasts, mentoring with our members and helping women be successful in their chosen careers in financial services.”
The new website will act as a hub for content, connections and career support, aiming to build a more diverse and representative pipeline of future leaders across the financial sector.
