In March 2018, HM Treasury announced that a further 45 firms have signed the Women in Finance Charter, taking the total number to 205 firms across the financial services sector and covering over 650,000 UK financial services employees.
The first Annual Review into the Women in Finance Charter was also published in March 2018. This Review found that more than three-quarters (78%) of the first group of signatories either increased or maintained the proportion of women in senior management in the reporting period.
Signatory firms have committed to implement four key industry actions, as recommended in Jayne-Anne Gadhia’s review into the representation of women in senior management in financial services, published in March 2016. The review found that in 2015, women made up only 14% of Executive Committees in the Financial Services sector.
Since the Charter launched, over 85% of the signatories that have set their Charter targets have committed to have at least 30% women in senior roles by 2021. Over 25% of the firms that have set their Charter targets have committed to a 50/50 gender split in senior roles by 2021.
HM Treasury welcomes interest in the Charter from all firms of any type and size, and firms can still sign the Women in Finance Charter to join our next cohort of signatories. See our guidance or send us an email (firstname.lastname@example.org) for more information on the charter.
To sign the Charter and formally commit to implement these recommendations, please visit www.womeninfinance.org.uk and complete the online form.