Financial advisers should help women make the most of personal allowances and reassess their concept of risk to help close the pension gender gap, according to investment platform Parmenion.

A new survey has found that  34% of advised clients become less cautious about investment risk following a discussion with their adviser, compared to just 16% who become more cautious.

Researchers from Cass Business School and the University of Bristol have discovered that women are more risk averse than men when it comes to financial risk taking.

Paul Dyer, former deputy chief risk officer at the FCA, has been appointed to spearhead work on regulatory risk at Huntswood, the regulatory advisory and specialist resourcing firm.