More organisations have signed up to the Women in Finance Charter

272 organisations have now committed to the HM Treasury’s Women in Finance Charter.

Introduction

On 11 July 2018, a further 67 firms signed up to the Women in Finance Charter, pledging to promote gender diversity, taking the total number of signatories to 272.

The first annual review of the Women in Finance Charter was in March 2018 and showed 85% of signatories then had either met targets, or were on track to meet them.

New signatories from July 2018:

  • Admiral Group
  • AE3 Media
  • Armstrong Wolfe
  • Australia and New Zealand Banking Group Limited
  • Barrington Hibbert Associates
  • BNP Paribas Personal Finance
  • BondMason
  • Bovill Ltd
  • Brooks Macdonald plc
  • Canada Life
  • Coventry Building Society
  • Daiwa Capital Markets Europe Ltd
  • EIS Association
  • Ellis Davies Financial Planning Ltd
  • Engage Financial Services Ltd
  • Equifax Ltd
  • Evolution Financial Planning
  • Fintech Strategic Advisors Ltd
  • Fintellect Recruitment
  • First Wealth LLP
  • Flood Re Ltd
  • Foresight
  • Franklin Templeton Investments
  • GAM
  • Global Processing Services
  • Goji Investments
  • Grant Thornton
  • Hinckley and Rugby Building Society
  • HUBX
  • ICAEW
  • Intermediate Capital Group
  • Investec Asset Management Limited
  • J. P. Morgan
  • Kames Capital plc
  • Lazard & Co Limited
  • Lazard Asset Management Limited
  • LifeSearch
  • Magenta Financial Planning
  • Marsh Ltd
  • Medianett Ltd
  • Mortgages for Business Ltd
  • MT Finance Ltd
  • Mustard Seed Impact Ltd
  • National Association of Commercial Finance Brokers
  • Nomura International
  • PIMCO
  • Prytania Solutions Limited
  • Pukka Insure Ltd
  • Rathbone Brothers plc
  • Scottish Equity Partners
  • SDB Bookkeeping Services
  • Semper Capital Management
  • Shepherd Compello Ltd
  • St. James’s Place plc
  • Stonehaven International
  • Sussex Independent Financial Advisers Ltd
  • Tesco Underwriting
  • The British United Provident Association (BUPA)
  • The Meyer Partnership
  • The Mortgage & Insurance Bureau
  • TPI CAP
  • UK Government Investments
  • UniCredit Group
  • Vanguard Asset Services Limited
  • Whyfield
  • Yorkshire Building Society Group
  • Zopa Limited

The commitments of the signatories given are available on this pdf here.

The Charter

The Charter follows the Gadhia report in March 2016 “Empowering Productivity: Harnessing the Talents of Women in Financial Services” (as summary of the report is available here).

The Charter is “a pledge for gender balance across financial services” being a commitment by HM Treasury and signatory firms to work together to build a more balanced and fair industry.

The Charter:

  • commits firms to supporting the progression of women into senior roles in the financial services sector by focusing on the executive pipeline and the mid-tier level
  • recognises the diversity of the sector and that firms will have different starting points - each firm should therefore set its own targets and implement the right strategy for their organisation, and
  • requires firms to publicly report on progress to deliver against these internal targets to support the transparency and accountability needed to drive change.

By signing the charter, an organisation pledges to promote gender diversity by:

  • having one member of the senior executive team who is responsible and accountable for gender diversity and inclusion
  • setting internal targets for gender diversity in our senior management
  • publishing progress annually against these targets in reports on their website, and
  • having an intention to ensure the pay of the senior executive team is linked to delivery against these internal targets on gender diversity.

For a summary of the current and proposed diversity reporting obligations in the UK, please see our elexica article “Taking stock: UK Diversity reporting - metrics and proposed changes”. 

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.