The Personal Investment Management & Financial Advice Association has signed a special Charter pledging to build a fairer, and more balanced industry.
Pimfa signed HM Treasury’s Women in Finance Charter, which reflects the government’s aspiration to see gender balance at all levels across financial services firms.
It also aims to highlight that a balanced workforce is good for ‘business, customers, profitability and workplace culture, and is increasingly attractive for investors’.
Liz Field, chief executive officer at Pimfa, said: “We need to up the conversation on diversity in the sector. Diversity has proven benefits and we intend to lead the way in emphasising this through our signing of the Charter.
“We will also continue to provide practical assistance to firms in developing the equality conversation with events such as today’s Forum. The Women in Wealth Forum provides a valuable opportunity for all those across our industry to provide inspiration, hear from experts and share knowledge and experiences.”
Organistion that sign up to the page-long Charter promise to promote gender diversity by ensuring that one of the members of their senior executive team is responsible and accountable for gender diversity and inclusion.
Firms also pledge to publish their progress annually against the Charters targets as well as having an intention to ensure the pay of their senior executive team is linked to delivering these targets on gender diversity.
The leading trade association for the personal investment management and financial advice sector in the UK represents more than 2080 firms. It made the announcement at the Pimfa Women in Wealth half day conference yesterday (5 October).
The event was sponsored by RBS and featured expert speakers sharing insights on the diversity dividend and personal branding.
