Women have led the way in opening Junior Isas every year since 2019, research from Scottish Friendly has found.
The firm's investor index showed women surpassed men in opening this product by more than 9 per cent.
This is despite government gender pay gap data showing women are still being paid just 91p for every £1 earned by their male counterparts.
Scottish Friendly’s savings specialist, Jill Mackay, said: “It’s positive to see that parents and guardians are prioritising saving for children as part of their long-term financial goals, even when facing disparities in earnings as well as the ongoing cost-of-living pressures."
However, Mackay said who is able open Junior Isas should be extended to others, including grandparents.
She added: "More can, and should, be done here from a policy point of view to support those wanting to save for children.
"We believe that children’s savings would get a real boost if Jisa rules were improved to allow other family members, such as grandparents, to be able to open up Jisas and not have to rely on the children’s parents to do it.
"Giving children a better financial foundation for when they enter adulthood can only be a good thing, and removing this barrier would make a tangible difference to a great many children."
Scottish Friendly's study of investment trends was launched five years ago and since then the total number of Jisas women have opened has increased by 128 per cent in the period, compared to 101 per cent increase for men.
Earlier this year, the firm's Family Finance Tracker found a fifth of women in the UK said their highest priority future financial goal was saving for their child or grandchild, compared to the 15 per cent of men who ranked this their highest priority.
tara.o'connor@ft.com
What's your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com
