Independent Women has signed HM Treasury’s Women In Finance Charter, a pledge for gender balance across financial services.
The Charter reflects the government’s aspiration to see a more balanced and fair industry. A balanced workforce is good for business – it is good for customers, for profitability and workplace culture, and is increasingly attractive for investors.
Financial services is the highest paid sector in the UK economy, where the gender salary gap for full-time employees is at its most stark, with unequal gender representation worsening as employees rise into more senior positions. Firms that sign up to this Charter are pledging to be the best businesses in the sector.
At Independent Women, our mission and values are always about addressing the gender gap and creating equal opportunities for all. In joining the Charter, we have pledged to:
- Maintain our level of women in senior management at 100%
- Appoint two further women to the senior management team by end 2019
- Increase the number of female wealth planners in the industry through an open and ongoing recruitment programme
- Cultivate promising futures through a a graduate trainee and mentorship programme
- Enable ‘return to work’ opportunities by providing positive, flexible working conditions
- Broaden the recognition of women as earners and investors, and the need for women-centric financial services
- Challenge unconscious gender bias within the industry
- Provide gender balance within our own services
We will share updates regarding our progress on this website annually.
We are pleased to share our progress update to the end of 2019, as follows:
Female representation in senior management remains strong and we have retained our senior management team since the previous Charter progress report. However, in 2019 we acknowledge that diversity is multi-faceted and so we have sought to diverge from a fully-female team, to ensure that we too achieve a balance and a pool from which we may draw perspectives and experiences, and support the career opportunities of men as well as women. We feel that we are unique in this aspect, as we have already achieved 100% female representation. We have consequently diversified our workforce to ensure that we have representation of both genders, as well as different nationalities, ages and experience levels. We have continued to provide mentorship and training for our team members towards career progression and wealth planner level. We have continued to provide positive, flexible working conditions and the majority of our team now works on some kind of flexible working arrangement such as part-time, flexible hours, working from home, or time off in lieu. We continue to broaden the recognition of women as earners and investors, and the need for women-centric financial services, by raising our profile online and in our local communities, through our engagement with professional and industry connections, and taking continual feedback from our clients with regard to their financial priorities and needs.
For our 2018 update regarding progress, please see here.
For more details about the Women In Finance Charter, please visit https://www.gov.uk/government/publications/women-in-finance-charter