Women feel less confident than men when it comes to managing money, according to a survey carried out by Bank of Ireland.
It also found that women are not as happy with their financial circumstances and are less likely to believe they are knowledgeable about financial matters.
The annual Bank of Ireland Financial Wellbeing survey looks at our saving, spending, borrowing and planning habits.
According to the research, which was conducted by RED C in August, 50% of women said they were confident managing money compared with 56% of men.
Just 15% of women said they would have the confidence to choose investments without the help of a financial advisor, compared to 27% of men.
While just 16% of women said they would be confident to choose pensions without advice, compared to 27% of men.
Where financial advice is concerned, women are also more likely than men to want guidance on savings and meeting financial goals - but they’re also more likely to think they don’t understand enough about finances to talk to a financial advisor.
A separate study from Bank of Ireland shows that women are less likely than men to have a private pension - and that gap increases significantly for older age groups.
It reveals that only 32% of women aged over 55 have a private pension, compared with 58% of men.
That compares to 29% of women aged 18-34 and 32% of men.
Women are also much less likely to understand the tax breaks with pensions, the research shows.
Dawn Bailey, Head of Financial Wellbeing at Bank of Ireland, said the principles of good financial wellbeing are the same for everyone but the obstacles are greater for women.
"On average, women live longer than men so they will need more financial resources to maintain their quality of life through retirement.
"In addition, many of us will take several years out of the workforce to have and raise children, which reduces our lifetime earnings," she said.