Women in Finance Charter: FCA's Nikhil Rathi assures sector 'we care'

Diversity improvement crucial to better outcomes

clock • 2 min read

Financial Conduct Authority (FCA) chief executive Nikhil Rathi assured advisers the regulator cares about improving diversity within the sector, argued doing so would achieve better customer outcomes

Speaking at the HM Treasury Women in Finance Charter Annual Review Launch 2021 this morning (17 March), Rathi said there is a "strong business case for diversity" and "no shortage of wider issues to address". "Fewer than one in 10 management roles in financial services are held by black, Asian or minority ethnic people." Referring to the government's Parker Review, Rathi said there were just 80 directors of colour in the FTSE250, making up 5% of the total. "And where there are directors of colour they tend to be concentrated in a small number of firms and few hold the positions of ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

Claims and underwriting: Securing IP for mental health

Claims and underwriting: Securing IP for mental health

“Look for reasons to insure somebody, rather than reasons not to”

Jaskeet Briah
clock 11 February 2025 • 7 min read
MAB announces 2025 targets

MAB announces 2025 targets

Aiming to double revenue and market share

Cameron Roberts
clock 04 February 2025 • 1 min read
LifeSearch appoints Paul Foody as COO

LifeSearch appoints Paul Foody as COO

Paula Bertram-Lax takes on new role within the business

Jaskeet Briah
clock 03 February 2025 • 2 min read