Socio-economic background: A key concern for advisers?

FCA considers D&I to be crucial to better decision-making in firms

clock • 5 min read

Simon Collins, John Morgan and James England look at the burgeoning D&I push from financial regulators and urge firms to take a proactive approach to the issue...

Financial services regulators have been pushing firms for some time to accelerate diversity and inclusion (D&I) progress in their workforces. So when the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) published their diversity consultation papers at the end of September some were well-prepared, but there are some areas that have come into increasing focus, such as social mobility, that firms may have not yet focused their efforts on From the lead-up to and the release of its consultation paper, it has been clear the FCA considers D&I to be crucial to bette...

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 Regulation

FIF25: SDR plans for MPS should be 'natural progression' for FCA

FIF25: SDR plans for MPS should be 'natural progression' for FCA

A ‘clear’ move that the industry will be pushing for, panellists say

Isabel Baxter
clock 05 June 2025 • 2 min read
FIF25: More than 130 funds adopt SDR labels as confidence and timing improves

FIF25: More than 130 funds adopt SDR labels as confidence and timing improves

Many firms on 'wait-and-see' mode

Cristian Angeloni
clock 04 June 2025 • 3 min read
FCA retains 'exceptional circumstances' test for naming firms under investigation

FCA retains 'exceptional circumstances' test for naming firms under investigation

Adds three additional situations where firms can be named

Jenna Brown
clock 03 June 2025 • 3 min read