The financial services sector needs to look at the “cultural change” that the FCA is creating through its regulations surrounding equality, diversity and inclusion (EDI) rather than the regulations per se, the Chartered Insurance Institute has urged.

Trade association PIMFA, which represents 1,000 investment managers and financial advisers welcomed over 100 delegates at their Women in Wealth Forum last week, in Central London.

A further 67 companies - including Financial Planning firms and major financial providers - have signed up to the Treasury’s Women in Finance Charter including St James's Place, JP Morgan, Investec Asset Management and Yorkshire Building Society.