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The State of Integrated Care Systems: Finances
The State of Integrated Care Systems: Finances

Posts Tagged ‘International Women’s Day’

Are we deprioritising women’s health in the UK at a time when more focus should be on it?

International Women’s Day this past Saturday is an important reminder of the advancements made, but also the challenges that still exist when it comes to women’s rights and health.  

In the UK, telemedicine for early medical abortion, and the move to make some types of contraceptive pills available in pharmacies, are two recent examples of much needed progress. But there is so much more that needs to be done, because this is an issue that impacts all of society. Here are some of our thoughts on the current situation when it comes to women’s health.  

An economic burden and stark inequalities 

Recent research from NHS Confederation found that absenteeism due to severe period pain and heavy periods alongside endometriosis, fibroids and ovarian cysts costs nearly £11 billion a year. There are also social considerations, including ethnic and socioeconomic factors – for example, women living in the most deprived areas of England are expected to live for five fewer years than those in the least.  

Is the Government still committed to women’s health? 

In 2022, the Women’s Health Strategy was heralded as a major moment for this area of policy. It included the expansion of women’s health hubs across the country (framed as a holistic solution for women’s health needs) and the appointment of a Women’s Health Ambassador. 

Two and a half years later, the (now Labour) Government has removed the target for all Integrated Care Boards (ICBs) to have at least one hub. While it is true that most areas have met this target, on the ground – it is a mixed picture. The Women and Equalities Committee recently reported challenges with how hub funding is being used locally and called for ‘long-term, ring-fenced funding and resources to embed the hub model and further support its development’. 

And while the Government pledged to prioritise women’s health in their election manifesto, no one knows what that means in practice after nearly a year in power. Time will tell if this commitment translates into action. 

The rise of social media influencers in the battle for ‘natural’ contraception 

Speaking to WA Senior Advisor David Thorne, he described oral contraception as “arguably the most important medicine ever developed for humanity”. This is no understatement – providing women with the choice to decide if, and when, to have children has a huge economic and societal impact, including helping to reduce poverty. 

However, many ICBs are seeing a decline in this type of medicine used and an increase in terminations of pregnancies. While evidence is still emerging, there are concerns that misinformation is leading women to increasingly view ‘natural’ contraception apps as superior to the pill – despite the fact they are only 76% effective with typical use, compared to the most effective types such as the implant (which is 99% effective). Social media has a big role to play here – one TikTok video which falsely claims hormonal birth control can cause infertility and brain tumours has been viewed more than 600,000 times. 

The clinical world is still grappling with the way young people now access information. Worryingly, this means this downward trend isn’t close to stopping. And while women should be supported to make a choice about whatever form of contraception suits them best, this should be an informed choice – based on evidence. 

At a time of increasingly tight budgets and competing priorities across the NHS, we must not lose sight of the value of investing in contraception but we must also be better at communicating its benefits in a way that audiences will engage with. 

More awareness of menopause isn’t equating to better health outcomes 

One area we have seen significantly increased public debate is menopause – not least because of high profile people like Davina McCall becoming a prolific public speaker on it. While this awareness is positive, women are still sharing many disheartening stories of poor access to the care they need, and most importantly, deserve.  

WA Communications has been working with Astellas to understand what women are really experiencing when it comes to menopause care and treatment. Commissioning YouGov to conduct a survey, we delved into the expectations and experiences of 1,680 women – throughout all stages of their reproductive journey. The findings paint a bleak picture for menopause care.  

Of the 1,022 peri-/menopausal and post-menopausal women surveyed, 77% felt they were not offered a choice about their menopause treatment, and only 15% felt the treatment options available to them were very suitable for their needs. 

This is having an impact on productivity; unemployment due to menopause symptoms costs approximately £1.5 billion per year – with approximately 60,000 women in the UK not working due to menopause symptoms. 

We need to focus on translating this positive sentiment into system improvements which still ensure women have access to choice when it comes to their menopause care. 

Advocating for change 

Thankfully, the idea that action on women’s health matters is not controversial. But our advocacy and campaign efforts must strongly communicate that these are major public health issues. Increasing access to contraceptive care or cervical screening uptake must not be positioned as ‘nice to have’. 

These are also issues that directly support the Government’s policy ambitions, including when it comes to getting people back into work, and a laser-focused growth mission. With women making up 51% of the population, this represents a massive opportunity. 

When calling for Government action on women’s health, we need to frame our arguments accordingly. 

We also need to see this as a policy area which requires effective partnership work. There are hugely exciting medical innovations coming into this space – effective engagement with the clinical and patient group community will help ensure these reach women as quickly and easily as possible. 

Increased awareness and activity on social media on issues related to women’s health is one thing, but we are some way off fully delivering for women. We know the gains that can be made, now is the time to make action happen. 

If you’re interested in hearing more about WA Communication’s work in women’s health in the UK or globally, get in touch with a member of the team. 

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Girls just wanna have funds

“It’s OK if you don’t know.” 

Ahead of International Women’s Day, WA hosted an all-female panel of financiers to discuss how firms are better engaging with women to improve financial understanding and awareness, and where the industry, policy and the media narrative around women in wealth needs to evolve 

On the panel, Etiksha Patel, Lead Private Banking Director, Metro Bank; Karen Kerrigan, COO, Moneybox; and Elizabeth Caley, Independent Financial Adviser, Aegis Financial Planning Limited discussed what makes women tick when it comes to money and financial products, and how they can better engage with their finances for themselves and for their friends, children and colleagues. 

Women make up 49.6% of the global population and are widely predicted to control 60% of the UK’s wealth by 2025, yet 72% of us feel like we’re not understood by the finance industry.  

This feeling of exclusion is perhaps why only 10% of women prioritise making long term investments which, when women’s pensions on average are £100,000 less than men’s due to the gender pay gap and childcare commitments, seems a very low proportion.   

Elizabeth Caley, who focuses on supporting women, reassuringly said that it’s OK if you don’t understand something relating to your finances: “no one said you should have this knowledge. There seems to be shame attached to it but it’s OK if you don’t know, that’s why we’re here.” 

Similarly, Etiksha Patel believes that having someone to talk to and trust in the bank makes a huge difference to women’s confidence and attitudes towards their finances. She said: “women benefit from in-person contact because we like to ask questions. Financial knowledge becomes accessible if you can ask in-person questions.” 

The sector can’t shy away from the fact that it has, for too long, been dominated by men, and Etiksha crucially said: “It’s important to have women representing women who need answers because it makes asking the questions easier. This is where the change is going to come from.” 

However, women are playing catch up on the education, word-of-mouth advice and knowledge they missed out on growing up because most of the time. There is a question over where responsibility for financial education lies – across all genders – and whether regulatory or policy reform is needed to ensure knowledge and access is instilled early.   

With products such as Lifetime ISAs, women are likely to buy into the goal that the ISA can help with, such as buying a home, rather than simply having the product to make more money. Interestingly, Karen Kerrigan said that MoneyBox’s Lifetime ISAs are held by an equal split of both men and women, but that’s not because they’re marketed differently.  

Reform of the ASA standards for financial products, or the introduction of the consumer duty, will go some way in shaping how products are marketed and communicated to consumers going forward. We’re seeing a greater focus on firms needing to ensure their comms are “socially responsible”, and the last’s years decision by the ASA to sanction irresponsible “influencers” has marked a firmer stance on how products are communicated.  

Though work is still needed to shape the financial services world to meet the needs of women, much has changed in the last 20 years. At the end of the discussion, each panellist was asked what advice they’d give their younger self. Elizabeth said reap the rewards of compound interest early and learn the value of not rushing to spend, but saving to have more. Karen highlighted the importance of creating a habit early, and Etiksha said she would tell herself that it’s OK to ask questions and to feel confident doing so. 

Hopefully, as more of us chat about our money and what we do with it, we’ll help each other, break down the stigma and put ourselves and younger generations on the same starting line as men.  

Because who run the world? Girls. 

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