CII urges industry to go beyond FCA's diversity and inclusion rules

‘We can't only look at the FCA's rules, it’s about cultural change'

Isabel Baxter
clock • 2 min read

The Chartered Insurance Institute (CII) has urged the industry to not adopt a “one size fits all” approach when it comes to equality, diversity and inclusion (EDI).

In a recent webinar on ‘Crafting EDI strategies in an evolving regulatory landscape' in collaboration with the Association of British Insurers, CII director of policy and public affairs Matthew Connell addressed criticism faced by the Financial Conduct Authority (FCA) on the topic of regulation within the EDI space. The regulation aspect of EDI is focused almost exclusively on things that only the regulator can do, according to Connell. "The most important element is what's happening in the market in terms of culture and practice on a day-to-day basis. "I think sometimes the FCA ge...

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

Canada Life to sell onshore bond business to insurance firm Chesnara

Canada Life to sell onshore bond business to insurance firm Chesnara

Strategic review prompts transfer as Chesnara expands life and pension portfolio

Sahar Nazir
clock 23 December 2024 • 1 min read
Happy holidays from Professional Adviser

Happy holidays from Professional Adviser

Regular newsletters and content will resume on 2 January

Jen Frost
clock 23 December 2024 • 1 min read
The state of financial vulnerability in 2024 and what 2025 holds

The state of financial vulnerability in 2024 and what 2025 holds

'Most firms are now heading in the right direction with their vulnerability processes'

Richard Farr
clock 20 December 2024 • 3 min read