A record 400 firms have signed up to the Treasury-backed Women in Finance Charter but 14 firms have left the scheme as progress slows.

The Personal Finance Society has called for 'cultural change' and new career pathways in the profession to boost the number of female Financial Planners.

Women are struggling to save for later life with 1 in 4 having no pension pot and most saying they find it harder to save than men.

Women aged between 65 and 74 have average pension pots of £130,000 - half the £260,000 men have saved.