Your Industry  

Your Shout: Letters to the editor

 

Bringing women into industry

Regarding the news that the FCA is focusing on personal misconduct (June 10): You do not get women at senior levels without them having come through from junior levels.

If we truly want 45 per cent of women at leadership levels then we need at least an equivalent percentage of the work force at junior levels, from which the senior levels are promoted.

Currently we have an appalling 17 per cent, much the same as the armed forces, which by its very nature is a male dominated profession.

We need to focus on ensuring we have a gender balance at the start of a person’s financial services career, so we need to work on attracting women.

This starts with our culture, which drives our industry perception: how men treat women in the financial services work place; the words they use; the things they do; understanding natural bias; and overcoming past discrimination, all take effort and that must come from the top – today’s company leaders.

We need to urgently address the issue of motherhood stepping out of the workplace and women reigniting their career, and how we can help them to step back successfully.

Only when the current leaders have provided the environment to engage and recruit at a junior level – and can then manage an internal culture that can keep women and also provide a pathway for mothers who may wish to return – will we have the numbers of women to attain our 45 per cent at a senior level.

Susan Hill
Susan Hill Financial Planning

 

Going back to basics

Regarding the news that HMRC data shows taxpayers have reported more than 2.6m communications from fraudsters pretending to be from HMRC over the past three financial years (June 7): This highlights the danger of high speed digital communications being used to scare and scam people.

It could easily be solved by HMRC reverting to ordinary postal mail.

Of course, this will not suit the Treasury in its pursuit of everything eventually being done online on a monthly basis, but it would save a lot of misery.

The digital age has many benefits and advantages for those of us who know how to use it safely; however, it also has unlimited advantages for scammers and hackers.

It has always been said ‘never put all your eggs in one basket’, but this has not stopped our leaders putting everything we do in one place – the digital highway.

The computer experts know that it is only a matter of ‘when’ and not ‘if’ there is going to be a digital disaster across banking, utilities and infrastructure.

Clive Fox
Retired IFA