MetLife in the UK have made a pledge for gender balance across Financial Services by signing up to the Women in Finance Charter.
This is a commitment by HM Treasury and signatory firms to work together to build a more balanced and fair industry. Firms that sign up to this Charter are pledging to be the best businesses in the sector.
In 2016 the government commissioned a review into the representation of women in senior managerial roles in financial services. This work complements the government’s wider programme of work to tackle gender inequality and support women in the workplace.
Financial services is the highest paid sector in the UK economy, where the gender salary gap for full-time employees is at its most stark. This review looked at the issue of unequal gender representation in the financial services sector that worsens as employees rise into more senior positions.
The review, ‘Empowering Productivity: Harnessing the talents of women in financial services’ was published on 22 March 2016, and makes four recommendations to industry to improve gender diversity in financial services, which have received widespread support from the sector.