The Treasury says over 400 businesses are now signed up for the Charter which aims to break down barriers for women to be promoted at finance firms.
The 400 firms now part of the scheme mean that 1m employees are working for firms now signed up to the Women in Finance Charter.
Despite the advances, Women in Finance champion Amanda Blanc, the chief executive of Aviva, said she was concerned about signs of the process stagnating.
She said female representation in senior management in the financial services sector has remained flat at 33%.
She said: “I am concerned to see progress stagnating. Frankly, up to now there has been too much tinkering at the edges and not enough fundamental change. Be in no doubt, major change in this area is tough – but it’s crucial we get it right. There are some glimmers of hope with more ambitious targets being set and met. But for the sake of women, companies and society, we’ve got to work quicker and harder.
“The average level of female representation in senior management within the industry has remained flat at 33% in 2021 compared to 2022. Two-thirds of signatories either increased or maintained their proportion of women in senior management. While progress has been made, there is more work to be done to ensure greater representation of women in senior roles in financial services.”
In its latest list the Treasury revealed that 45 new firms have signed up to the Charter including Lucas Fettes & Partners, Octopus Investments, Openwork Partnership, River & Mercantile Group, Stonehage Fleming, Tallaght Financial Limited, Tatton Asset Management and Tilney Smith & Williamson (now Evelyn Partners).
However 14 charter signatories were removed from the scheme on 23 June including the Bullionblock Ltd, Glenhawk, the Income Protection Task Force and Wealth Matters Ltd.
Firms signing up to the charter pledge support the “progression of women into senior roles in financial services, set internal targets to improve diversity and publicly report on progress.”
The Treasury said that 78% of signed-up firms are meeting or are on track to meet their targets, up 5% on last year.
The Charter was established in 2016 and is part of the government’s aim to boost gender equality at all levels in financial services firms.
Economic Secretary to the Treasury John Glen MP said: “Diverse representation and gender equality in the financial services sector is good for business, good for investors and reduces barriers to growth and enterprise. I welcome this year’s progress, but setting targets is just one part of the process – I am today calling on firms to double-down on their to commitments and continue to deliver greater gender-equality in the workplace.”
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45 new Charter signatories announced on 23 June 2022 |
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Allica Bank |
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Anglia Capital Group |
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Argo Managing Agency Limited |
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Bain & Company Inc. United Kingdom |
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Bank of London and the Middle East |
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Belmont Green Finance Limited |
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Benchmark Capital Ltd |
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BGC Brokers L.P. |
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BLM LLP |
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Brown Advisory Ltd |
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Canopius |
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Carpenters Group |
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Dabbl invest |
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Executive Benefit Services (UK) Ltd |
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Howard Mortgages |
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International Capital Market Association |
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Lucas Fettes & Partners (Financial Services) Limited |
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Marsden Building Society |
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Masthaven Bank |
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Mitsubishi HC Capital UK PLC |
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MWA Financial Ltd |
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New World Financial Group Ltd |
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Octopus Investments |
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Olive Rossley Ltd |
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Operis Group |
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Path Financial Ltd |
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Revolut |
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River and Mercantile Group Plc |
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Saffron Building Society |
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Sayer Haworth Ltd |
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Secure Trust Bank |
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Sedgwick International UK |
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South West Business Finance |
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Stonehage Fleming |
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Suffolk Building Society |
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Tallaght Financial Limited |
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Tatton Asset Management |
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The Bank of London Group Limited |
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The Fry Group |
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The Melton Building Society |
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The Openwork Partnership |
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Tilney Smith & Williamson |
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Together Financial Services Ltd |
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Trust Payments Ltd |
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Zip |
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14 Charter signatories removed on 23 June 2022 |
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Bullionblock Ltd |
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Graphite Partners |
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Longhurst limited |
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Mint Bridging Ltd |
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Moneemint (Ummah Ventures Limited) |
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Glenhawk |
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IPTF (Income Protection Task Force) |
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Vanilla Thinking Limited (ACQ5) |
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HBB Bridging Loans |
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People risk management Ltd |
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Capital b Property Finance |
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Catalyst Claims |
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Iona Capital |
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Wealth Matters Ltd |
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Charter signatories announced before March 2021 |
Link to gender diversity targets |
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10x Future Technologies Ltd |
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57 Finance Ltd |
|
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AAT, Association of Accounting Technicians |
https://www.aat.org.uk/about-aat/careers-at-aat/women-in- finance-charter |
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ABN AMRO UK |
https://www.abnamro.co.uk/en/about/diversity-and- inclusion/women_in_finance_charter.html |
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abrdn |
https://www.abrdn.com/corporate/about-us/diversity-and- inclusion/our-diversity-targets |
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Action 365 |
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Addleshaw Goddard LLP |
Link pending |
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Admiral Group Ltd |
https://admiralgroup.co.uk/our-business/corporate- governance/women-in-finance-charter |
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AE3 Media |
|
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Aegon Asset Management (Kames Capital plc) |
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AEGON UK |
|
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Ageas UK |
|
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AIB UK |
https://aibgb.co.uk/help-and-guidance/important- information/board-diversity-policy-statement |
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Aldermore Group |
http://www.aldermore.co.uk/about-us/women-in-finance- charter/ |
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Allianz Global Investors |
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Allianz Insurance |
https://www.allianz.co.uk/about-allianz/social- responsibility/employees/inclusion.html |
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AMC Executive Search |
|
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American Express |
|
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AMP Capital Investors UK |
https://www.ampcapital.com/europe/en/about/culture- diversity |
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Amundi London |
|
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Aon |
http://www.aon.com/unitedkingdom/life-at-aon/gender- balance/women-in-finance-charter.jsp |
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Appreciate Group (Formerly Park Group) |
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Archipelago Eco Investors Ltd |
Link pending |
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Ark Investment Management Ltd (formerly Ark Wealth Ltd) |
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Armstrong Wolfe |
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Artemis Investment Management LLP |
https://www.artemisfunds.com/en/about-artemis/diversity- and-inclusion |
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Ask Inclusive Finance |
Link pending |
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Association of British Insurers (ABI) |
https://www.abi.org.uk/about-the-abi/abi-diversity- hub/achieving-gender-parity/ |
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Atom Bank |
|
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Australia and New Zealand Banking Group Limited |
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Aviva |
https://www.aviva.com/responsible-sustainable-business/our- people/women-in-finance-charter/ |
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AXA Investment Managers |
|
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AXA UK |
|
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AXA XL |
|
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B&CE Holdings Limited |
https://bandce.co.uk/about-us/how-we-work/financial-reports/ |
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Bank of America |
https://about.bankofamerica.com/en/making-an- impact/women-in-finance-charter |
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Bank of England |
|
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Bank of Ireland Retail UK Division |
https://www.bankofirelanduk.com/about/responsible- business/colleagues/ |
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Barcadia Media Ltd |
|
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Barclays Bank |
https://home.barclays/who-we-are/our-strategy/diversity-and- |
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BDO LLP |
|
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Beaufort Group Consulting Ltd |
|
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Beazley |
https://www.beazley.com/inclusion_and_diversity/women_in_f inance_charter.html |
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Beckett Investment Management Group |
|
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Berry & Oak |
https://berryandoak.com/women-in-finance-charter/ |
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Big Society Capital |
https://bigsocietycapital.com/about-us/careers/diversity-and- inclusion-plan/ |
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BlackRock |
https://careers.blackrock.com/life-at-blackrock/diversity-equity- |
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Blakeney Partners |
https://blakeney-partners.com/women-in-finance-charter- pledge/ |
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Bluecoat Software |
Link pending |
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Bluestone Leasing Limited |
|
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BMW Financial Services (GB) |
https://www.bmw.co.uk/en/footer/quick-links/women-in- finance-charter.html |
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BNP Paribas London CIB |
http://www.bnpparibas.co.uk/en/engagement/women- finance-charter/cib/ |
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BNP Paribas Personal Finance |
pf.co.uk/public/documents/bi11638_women_in_finance_chart er_0918_final.pdf |
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BNY Mellon |
https://www.bnymellon.com/emea/en/who-we- are/careers/women-in-finance-charter.jsp |
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Bovill Ltd |
|
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Bower |
|
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BP Supply & Trading |
https://www.bp.com/en/global/corporate/careers/life-at- bp/diversity-equity-and-inclusion/gender.html? |
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Bravura Solutions |
Link pending |
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Brewin Dolphin |
|
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Brickendon Consulting |
|
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Bridging Finance Solutions Group |
Women in Finance Charter - Bridging Finance Solutions (bridgingfinance-solutions.co.uk) |
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Brightstar Financial Ltd |
|
British Business Bank |
https://www.british-business-bank.co.uk/british-business- bank-signs-up-to-the-women-in-finance-charter/ |
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British Friendly Society |
|
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British Insurance Brokers' Association |
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Brooks Macdonald plc |
|
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Brown Shipley |
|
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BRUIN Financial |
|
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Building Societies Association (BSA) |
|
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Cambridge & Counties Bank |
https://ccbank.co.uk/about-us/our-commitments/women-in-finance/ |
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Campbell & Fletcher Recruitment |
|
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Canada Life |
|
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Canadian Imperial Bank of Commerce |
|
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Capco |
|
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Capital Credit Union |
http://www.capitalcreditunion.com/about_us/about_capital_cr edit_union |
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Capital One (Europe) Plc |
|
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Carrington Wealth Management |
https://carringtonwm.co.uk/about-us/our-community/our- team/ |
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Castle Trust Bank |
https://www.castletrust.co.uk/about-us |
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Castlefield Partners Ltd |
https://www.castlefield.com/about-castlefield/thoughtful- investing/diversity-at-castlefield/ |
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CDC Group |
|
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Channel Islands Adjusters Limited |
|
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Charles Stanley & Co. Limited |
https://www.charles-stanley.co.uk/about-us/who-we- are/csr/women-finance. |
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Chartered Insurance Institute |
https://www.cii.co.uk/about-us/work-for-us/supporting- diversity-in-the-profession/ |
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Chaucer Group |
|
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Cicero Consulting Ltd |
https://cicero-group.com/cicero-group-provides- commitments-to-women-in-finance-initiative/ |
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Circle |
https://blog.circle.com/2016/07/11/circle-champions-womens- equality-in-partnership-with-uk-government/ |
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Citi |
|
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City Hive |
|
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City of London Corporation |
|
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ClearBank |
|
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ClearlySo |
https://www.clearlyso.com/clearlyso-gender-equality- statement/ |
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ClearScore |
Link pending |
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Close Brothers Group Plc |
|
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CNA Hardy |
https://www.cnahardy.com/site-services/gender-pay-gap-report |
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Hermes Fund Managers Ltd, HFML Board |
https://www.hermes-investment.com/about-us/diversity-and- inclusion/ |
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Higgins Fairbairn Advisory LLP |
|
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Hinckley and Rugby Building Society |
|
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HM Treasury |
https://www.gov.uk/government/publications/women-in- finance-charter |
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Hodge (formerly Julian Hodge Bank) |
|
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Homes England |
Link pending |
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Hope Capital |
https://hope-capital.co.uk/values/women-in-finance-charter/ |
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HSBC UK |
https://www.about.hsbc.co.uk/hsbc-uk/diversity-and-inclusion |
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HW Global Talent Partner |
|
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ICAEW |
https://www.icaew.com/en/about-icaew/who-we-are/icaew- target-to-improve-management-gender-diversity |
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IFast Global Bank Limited (formally known as BFC Bank Limited) |
|
|
IM Asset Management |
https://www.irwinmitchell.com/about-us/social- responsibility/diversity/women-in-finance |
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Independent Women |
https://www.independentwomen.co.uk/advancing- women/women-finance-charter/ |
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Innovate Finance |
|
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Interactive Investor |
|
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Intermediate Capital Group PLC |
|
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Invesco UK |
|
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Investec Bank plc |
|
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Investec Wealth & Investment |
|
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Investing Ethically Ltd |
https://www.investing-ethically.co.uk/investing-ethically-ltd- proud-sign-women-finance-charter/ |
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IPC Systems |
|
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iPipeline Limited |
|
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IRESS Limited |
|
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ISDA (International Swaps & Derivatives Association) |
|
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J.P. Morgan |
|
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Jane Smith Financial Planning Limited |
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Janus Henderson Investors |
|
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JM Finn & Co |
|
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Julius Baer International Ltd. |
Link pending |
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Jupiter Asset Management |
|
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Just Group plc |
|
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Key Fund Investments Limited |
Link pending |
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Khandokar & Co Limited |
https://khandokar.co.uk/wp- content/uploads/2021/08/Gender-Diversity-Target.pdf |
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KPMG LLP |
https://home.kpmg.com/uk/en/home/about/people/inclusion- diversity.html |
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Landbay |
http://blog.landbay.co.uk/blog/2018/4/18/0rcug60la053y2n0 6ss9yf3i5tzbvv |
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Lazard & Co Limited |
https://lazardltd.gcs-web.com/corporate-governance |
|
Lazard Asset Management Limited |
https://lazardltd-preview.gcs-web.com/corporate-governance |
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Leeds Building Society |
http://www.leedsbuildingsociety.co.uk/your-society/financial- information/diversity/ |
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Leek United Building Society |
https://www.leekunited.co.uk/about/women-in-finance- charter/ |
|
Legal & General |
http://csr.legalandgeneralgroup.com/csr/servicepages/downloa ds/files/women_in_finance_charter.pdf |
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Leverton Search |
Link pending |
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LGT Vestra |
|
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LifeSearch |
|
|
Lloyds Banking Group |
http://www.lloydsbankinggroup.com/our-group/responsible- business/inclusion-and-diversity/gender/ |
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Lloyd's of London |
https://www.lloyds.com/about-lloyds/diversity-and-inclusion- |
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Lomond Wealth Management |
https://www.lomondwealth.com/about-us/women-in-finance- charter/ |
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London Capital Credit Union |
|
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London Stock Exchange Group |
|
|
LV = General Insurance (Liverpool Victoria General Insurance Group Ltd) |
|
|
LV= Liverpool Victoria Financial Services (LVFS) |
https://www.lv.com/about-us/lv-cares/people-culture/gender- pay-gap-report/lvfs |
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M&G PLC |
https://www.mandgplc.com/~/media/Files/M/MandG- Plc/documents/Diversity-and-Inclusion/MGplc-Diversity- Inclusion-strategy-infographic-09-20.pdf |
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Macquarie Group |
|
|
Magenta Financial Planning |
|
|
Man Group plc |
|
|
Market Harborough Building Society |
|
|
Marsh Guy Carpenter (formerly Marsh UK) |
https://www.marsh.com/uk/about-marsh/women-in- finance.html and https://www.guycarp.com/ |
|
MasterCard (UK&I Division) |
https://www.mastercard.co.uk/content/mccom/en-gb/about- mastercard/who-we-are/diversity-inclusion/women-in-finance- |
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Mazars |
https://www.mazars.co.uk/Home/About-us/Corporate Publications/Diversity-goals |
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Medianett Ltd |
|
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Mercer |
|
|
MetLife UK |
|
|
Metro Bank Plc |
https://www.metrobankonline.co.uk/about-us/culture- diversity/ |
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Mizuho Bank Ltd |
|
|
Mizuho International plc |
|
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Monzo |
https://monzo.com/blog/an-update-on-the-women-in- finance-charter-2020 |
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Morgan Stanley International |
|
Morningstar |
https://go.morningstar.com/woman-in-finance-charter |
|
Mortgage Scout (The Mortgage & Insurance Bureau) |
https://www.mortgagescout.co.uk/knowledge-and- resources/mortgage-news/the-women-in-finance-charter |
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Mortgages for Business Ltd |
https://www.mortgagesforbusiness.co.uk/mission-vision- values/women-in-finance-charter/ |
|
Motor Insurers' Bureau |
https://www.mib.org.uk/about-mib/management-and- governance/gender-pay-gap-report-women-in-finance- |
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MT Finance Ltd |
|
|
MUFG |
https://www.mufgemea.com/governance/hm-treasury- women-in-finance-charter/ |
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Mustard Seed Impact Ltd |
|
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Muzinich & Co Limited |
|
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Nacional Financiera SNC London Branch |
https://www.nafin.com/portalnf/content/nafin- internacional/london-branch/about_us.html |
|
National House Building Council |
|
|
Nationwide Building Society |
|
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Natixis |
https://www.natixis.com/natixis/en/supporting-the-company-s- |
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Natwest Group (formally RBS) |
https://www.natwestgroup.com/who-we-are/working-at- natwest-group/building-a-more-inclusive-bank.html |
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NEST Corporation |
https://www.nestpensions.org.uk/schemeweb/nest/nestcorpor ation/how-nest-is-run/policy-and-procedures.html |
|
Newcastle Building Society |
https://www.newcastle.co.uk/about-us/governance/our- commitment-to-the-women-in-finance-charter/ |
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NFU Mutual (The National Farmers Union Mutual Insurance Society Limited) |
|
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Ninety One |
https://www.investecassetmanagement.com/document/pdf/In vestec-the-women-in-finance-charter.pdf |
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Nomura International |
|
|
Northern Trust |
https://www.northerntrust.com/about-us/corporate-social- responsibility/diversity-and-inclusion |
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NS&I |
https://nsandi-corporate.com/careers/how-we-recruit |
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Nucleus Financial |
https://nucleusfinancial.com/blog/our-commitment-women- finance-charter |
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Nutmeg Saving and Investment |
|
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OAC |
|
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OneSavings Bank (OSB Group) |
|
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OSTC Ltd |
|
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Pantheon Ventures (UK) LLP |
|
|
Paragon Group of Companies (Paragon Banking Group Plc) |
https://www.paragonbankinggroup.co.uk/careers/life-at- paragon/diversity-and-inclusion/wif-diversity-targets |
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Parker Fitzgerald |
Link pending |
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Partners Credit Union Ltd |
Link pending |
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Payment Systems Regulator |
|
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Pays Services UK Limited (Paysafe) |
|
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PensionBee |
|
Pensions and Lifetime Savings Association (PLSA) |
https://www.plsa.co.uk/About-us/Diversity/Women-in-Finance- Charter |
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Pepper (UK) Limited |
https://www.peppergroup.co.uk/about-us/women-in-finance- charter |
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Perella weinberg Partners |
https://pwpartners.com/women-in-finance-charter/ |
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Personal Investment Management and Financial Advice Association |
|
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Phoenix Group |
|
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PIMCO Europe |
|
|
Post Office |
http://www.onepostoffice.co.uk/secure/latest-news/our- business/women-in-finance-charter |
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Principality Building Society |
|
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Progeny Wealth |
|
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Progressive Building Society |
|
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Provident Financial plc |
https://www.providentfinancial.com/sustainability/supporting- |
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Prudential |
https://www.prudentialplc.com/~/media/Files/P/Prudential- V3/policies-and-statements/prudential-diversity-and- |
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Prytania Solutions Limited |
https://www.prytaniasolutions.com/ |
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PwC UK |
|
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QBE European Operations |
|
|
Quilter Plc (Old Mutual Wealth) |
|
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Rathbone Brothers plc |
https://www.rathbones.com/about-us/responsible- business/our-people |
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Redwood Bank |
https://redwoodbank.co.uk/inside-redwood/women-in- finance-charter/ |
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Ridgeway Partners |
|
|
Rothschild & Co |
https://www.rothschildandco.com/en/careers/working-at- rothschild-and-co/diversity/ |
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Royal Bank of Canada |
http://www.rbc.com/diversity/support-for-diverse-groups.html |
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RSA Insurance Group Ltd |
|
|
Sainsbury's Bank |
https://www.sainsburysbank.co.uk/jobs/aboutus#tab-- women-in-finance-charter- |
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Sainty Hird & Partners Limited |
|
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Santander UK |
|
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Sapphire Capital Partners LLP |
https://www.sapphirecapitalpartners.co.uk/sapphire-diversity |
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Schroders |
|
|
Scottish Equity Partners |
|
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Scotwest Credit Union |
|
|
Seedrs Limited |
https://www.seedrs.com/learn/blog/weve-signed-the-women- in-finance-charter |
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Sesame Bankhall Group |
|
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Sestini & Co |
|
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Seven Investment Mangement LLP |
Link pending |
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Shawbrook Bank |
|
Shepherd Global |
|
|
Shepherds Friendly Society |
|
|
Simply Business |
http://www.simplybusiness.co.uk/about-us/inclusion-is- everything/ |
|
Skipton Building Society |
|
|
Skybound Wealth Management |
Link pending |
|
SMBC Bank International |
https://www.smbcgroup.com/emea/about-us/diversity- inclusion/ |
|
SMBC Nikko Capital Markets |
https://www.smbcgroup.com/emea/about-us/diversity- inclusion/ |
|
Social Investment Scotland |
|
|
Societe Generale |
https://www.societegenerale.co.uk/en/about/women-finance- charter/ |
|
St Mary's Private Wealth |
https://www.spwinvestment.com/post/st-mary-s-private- wealth-committed-to-women-in-finance-charter |
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St. James's Place plc |
|
|
Standard Chartered |
|
|
Starling Bank |
https://www.starlingbank.com/blog/women-in-finance- charter-2019-update/ |
|
State Street |
http://www.statestreet.com/about/office- locations/unitedkingdom/women-in-finance.html |
|
Stifel Nicolaus Europe Limited |
Link pending |
|
Stonehaven International |
https://www.stonehaveninternational.com/about-us/diversity- and-inclusion/ |
|
Sturgeon Ventures LLP |
http://www.sturgeonventures.com/about-us/equality-diversity- policy/ |
|
Swansea Building Society |
|
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Swoop Funding |
Link pending |
|
Tail O' The Bank Credit Union |
Link pending |
|
Target Group Ltd |
https://www.targetgroup.com/latest-thinking/articles/targets- women-in-finance-charter-commitments |
|
Teamspirit |
www.teamspirit.uk.com/what-we-think/teamspirit-signs-the- women-in-finance-charter |
|
Tesco Bank |
|
|
Tesco Underwriting |
https://www.tescounderwriting.com/about-us/publications- and-reports/ |
|
TFA (Tom French & Associates Limited) |
https://tfagroup.co.uk/tfa-signs-women-finance-charter/ |
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The Alternative Investment Management Association |
|
|
The Association for Financial Markets in Europe |
|
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The Board of the Pension Protection Fund |
|
|
The British Private Equity & Venture Capital Association |
|
|
The British United Provident Association Limited (BUPA) |
|
|
The Cambridge Building Society |
|
|
The Co-operative Bank |
https://www.co- operativebank.co.uk/aboutus/ourbusiness/women-in-finance |
|
The Cumberland Building Society |
|
|
The Institute of Legal Finance & Management Ltd |
|
|
The Investment Association |
|
|
The London Metal Exchange |
|
|
The Nottingham Building Society |
https://www.thenottingham.com/your-society/inside-the- society/women-in-finance-charter/ |
|
The Royal London Group (The Royal London Mutual Insurance Society) |
https://www.royallondon.com/careers/inclusion-and-diversity/ |
|
The UK Adviser |
Link pending |
|
TheCityUK |
https://www.thecityuk.com/research/supporting-recovery- shaping-an-agenda-for-the-future-annual-report-and- accounts-2020-21/ |
|
Tide Platform Limited |
|
|
Tokio Marine Kiln |
Link pending |
|
TotallyMoney |
|
|
TP ICAP |
|
|
Tribe Impact Capital |
|
|
Triodos Bank UK Ltd |
|
|
True Bearing Ltd |
Link pending |
|
TSB Bank |
|
|
Tullow Oil Plc |
https://www.tullowoil.com/sustainability/people/women- finance-charter/ |
|
UBS |
https://www.ubs.com/global/en/our-firm/our-culture/diversity- and-inclusion/gender-balance.html |
|
Uinsure Ltd |
|
|
UK Export Finance |
https://www.gov.uk/government/organisations/uk-export- finance/about/equality-and-diversity. |
|
UK Finance |
|
|
UK Government Investments |
|
|
UniCredit Group |
|
|
Unity Trust Bank plc |
|
|
Unividual |
https://unividual.co.uk/women-in-finance-charter/ |
|
Unum |
Celebrating Inclusion and Diversity at Unum |
|
Valorem Partners |
Link pending |
|
Vanguard Asset Services Limited |
|
|
Venture Founders |
Link pending |
|
VIBE Financial Services Ltd |
|
|
Virgin Money UK PLC |
https://www.virginmoneyukplc.com/corporate- sustainability/inclusion/ |
|
Visa |
|
|
Vitality Corporate Services Limited |
|
|
Warren Partners |
http://www.warrenpartners.co.uk/why-warren- partners/diversity-and-equality.php |
|
Wave Community Bank [previously known as East Sussex Credit Union] |
Women in Finance Charter - Wave Community Bank (wavecb.org.uk) |
|
Wellington Management International Ltd |
|
Wesleyan Assurance Society |
https://www.wesleyan.co.uk/about-us/women-in-finance- charter |
|
West Bromwich Building Society |
|
|
Whitechurch Securities Ltd |
https://www.whitechurch.co.uk/financial-advisors/about- us/awards/ |
|
Whitehelm Capital Ltd |
https://www.whitehelmcapital.com/about-us/diversity-and- inclusion/ |
|
Whyfield |
|
|
Willis Owen Limited |
|
|
Wise Payments Limited (previously TransferWise) |
|
|
Yorkshire Building Society Group |
|
|
Zebedee Capital Partners LLP |
|
|
Zopa Limited |
https://blog.zopa.com/2018/10/15/women-in-finance-charter/ |
|
Zurich Insurance |
Source: Treasury
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