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Progress towards gender equality in the financial sector remains frustratingly slow. Women, companies and society could be waiting 30 years when parity is achievable in just 10 years.
On the eve of International Women’s Day, our Group CEO and Women in Finance Charter Champion Amanda Blanc, Bain & Company and over 100 signatories to the Women in Finance Charter, have released recommendations to tackle the slow progression of female representation in senior roles across financial services. The blueprint aims to achieve gender parity by providing practical suggestions to improve recruitment, retention and promotion, culture and behaviour, and diversity.
Across financial services the proportion of women in senior management has increased by only 1% in two years, from 31% in 2018 to 32% in 2020. At this rate it is predicted it will take the financial services industry another 30 years to achieve gender parity if action isn’t taken now.
Amanda Blanc said: “We’ve got to work quicker and harder, for the sake of women, for the sake of society and because a more diverse business is a more productive one. Our recommendations provide real life examples of best practice and a set of clear actions to guide us all towards lasting gender parity”.
Aviva
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