Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Diversity is an afterthought in financial services sector

by July 6, 2023
July 6, 2023
Diversity is an afterthought in financial services sector

70 per cent of staff believe that diversity, equity and inclusion are an afterthought in the financial services industry, according to new research.

As a result, two thirds also claimed that financial services institutions currently don’t do enough with their diversity policies.

The findings were revealed by a poll of decision makers at UK financial institutions and banks, via independent polling agency Censuswide, to measure the current state of diversity and digital skills levels in the banking and finance sectors.

Despite claiming DE&I as a priority, 69 per cent say that their firm doesn’t reflect it in practice.

Over four in five financial institutions have female representation at C-Suite level, with 84 per cent citing that investing in diversity, inclusion and equity would boost the overall productivity of their organisation.

It was also revealed that two thirds believe the sector doesn’t support people returning to work after children, with limited flexibility and parenting schemes available.

Sheila Flavell CBE, Chief Operating Officer for FDM Group, who commissioned the poll, commented: “Diversity, equity and inclusion in the workplace is an important area for businesses to prioritise, providing equal opportunities at all levels. Promoting measures such as access to digital skills training programmes can empower staff development and give them the foundation to take up highly skilled roles in banking, FinTech and financial services.”

“Solving the diversity gap faced by businesses in the financial services sector isn’t an overnight task, but it is important to deliver constant progress towards the goal of creating a diverse workforce. Outlining flexible diversity policies such as remote working options for returners is a primary way to promote inclusion in the workplace. Setting out and maintaining commitments to diversity will begin closing the gap and foster an industry centred on diverse ideas and skillsets.”

Other findings included 88 per cent suggesting that their organisation would benefit from greater diversity in staff recruitment.

Read more:
Diversity is an afterthought in financial services sector

0
FacebookTwitterGoogle +Pinterest
previous post
Instagram owner’s Twitter rival, Threads, logs 5 million users in first hours
next post
Chinese owner of iconic MG car brand to build Europe plant to keep up with demand

You may also like

Slow progress on sexism in the City as...

October 17, 2023

HMRC tax enquiries jumped by over 20 per...

August 30, 2023

Britons save £3m by using power-hungry appliances at...

December 15, 2022

Small Business Saturday launches nationwide roadshow

October 30, 2023

Archangels invests £13.8M in tech & life science...

December 27, 2023

New data reveals over half a million UK...

March 8, 2023

Investors pull back from UK as economic gloom...

February 18, 2025

How to Spot Roof Damage Before It Becomes...

May 20, 2025

Profits at UK banks to hit £33bn thanks...

October 20, 2022

Companies House is dysfunctional and facilitates fraud, ministers...

November 8, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rand Paul says he would support ‘big, beautiful bill’ if debt ceiling hike removed

      June 1, 2025
    • Kevin Hassett ‘very, very confident’ courts will back Trump’s tariffs amid legal setback

      June 1, 2025
    • Senate Republicans eye changes to Trump’s megabill after House win

      June 1, 2025
    • Trump shares post saying Biden was executed, replaced with clones

      June 1, 2025
    • House Dems’ campaign chair says her party’s ‘on offense’ in 2026 battle to win back majority from GOP

      June 1, 2025
    • Trump warns Rand Paul he’s playing into ‘hands of the Democrats’ with ‘Big, Beautiful Bill’ opposition

      June 1, 2025

    Categories

    • Business (8,105)
    • Investing (2,000)
    • Politics (15,458)
    • Stocks (3,119)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved