PFS CEO on a Formula racing-like representation problem

Does financial planning need its own F1 Academy?

Jen Frost
clock • 2 min read

Personal Finance Society (PFS) interim CEO Don Macintyre has likened financial planning’s female representation problem to issues faced by Formula racing, and the motorsport could yet pull ahead given recent efforts to diversify.

"Financial planning is only six percentage points ahead of Formula racing when it comes to female representation," MacIntyre said. "While the famously male-dominated motorsport now has the F1 Academy to propel female drivers and reports 40% of its audience to be women, there has been little conversation about how our profession can attract female talent and position them to excel." Just 16% of financial planners are women. However, PFS data suggests that women "excel in the profession", the body stated in a press release shared today (5 September). Just under one in four (23%) Charter...

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

The rarely discussed barriers to closing the advice gap

The rarely discussed barriers to closing the advice gap

'The real issue isn't just access, it's attitudes, representation, and engagement'

Harry Webster
clock 04 April 2025 • 7 min read
The Apprentice stars call for more financial advice as online businesses surge

The Apprentice stars call for more financial advice as online businesses surge

‘Crucial that young entrepreneurs receive the right guidance to manage their finances’

Sahar Nazir
clock 03 April 2025 • 2 min read
Trump pushes ahead with global 'reciprocal' tariffs, sending markets into a tailspin

Trump pushes ahead with global 'reciprocal' tariffs, sending markets into a tailspin

20% on EU, 10% on UK

Sorin Dojan
clock 03 April 2025 • 2 min read