Financial services firms 'falling short' on diversity and inclusion

Average score of 65 out of 100

Lauren Mason
clock • 2 min read

Multiple sectors across the financial services industry – including asset management, hedge funds, investment banking and wealth management – are falling well below the optimal diversity and inclusion criteria, according to a new index released by reboot.

Reboot., a network of financial services professionals aiming to maintain dialogue on racial equality in the workplace, has launched its inaugural FS Race to Equality index, in partnership with research house Coleman Parkes. Having surveyed 800 employees from 440 different firms, focusing on representation, culture, and tangible action, it found the average financial services company scored 65 points out of a possible 100, the latter of which is deemed to be ‘optimal' in terms of D&I criteria. Each of the seven subsectors within financial services - which also included pensions, insur...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Firms who made the Best Places To Work 2024 list

Feel Good Friday: Firms who made the Best Places To Work 2024 list

The Sunday Times’ research on the employers who meet key metrics

Professional Adviser
clock 17 May 2024 • 1 min read
Advice firms need to adopt 'operational excellence'

Advice firms need to adopt 'operational excellence'

‘Operations roles are critical to driving business success’

Isabel Baxter
clock 16 May 2024 • 2 min read
'Finfluencers' face FCA legal action over trading scheme

'Finfluencers' face FCA legal action over trading scheme

FCA targets social media scam, nine people face legal action

Sahar Nazir
clock 16 May 2024 • 1 min read