Two-thirds of ethnic minorities in UK financial services have suffered discrimination

Race to Equality: UK Financial Services

clock • 3 min read

Some 66% of ethnic minorities working in financial services have experienced discrimination at work due to their background, according to a recent survey from reboot.

The report, entitled Race to Equality: UK Financial Services, also found that only 36% of respondents believe their companies are fully committed to enhancing diversity and inclusion, while 48% believe their career progression is slower than that of their white colleagues. The findings of the report, which was conducted in partnership with research house Coleman Parks, came from a survey of 800 employees across 440 UK financial services firms. It also found that only 51% of respondents think their leadership teams believe diversity is critical to their businesses, and that only 59% 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

Female clients twice as likely to be dissatisfied with financial advice

Female clients twice as likely to be dissatisfied with financial advice

Issues with communication and trust

Isabel Baxter
clock 09 January 2026 • 1 min read
Jensten Group makes three acquisitions

Jensten Group makes three acquisitions

Entry into the Scottish market

Jaskeet Briah
clock 07 January 2026 • 1 min read
LifeSearch's Alan Richardson joins MAB

LifeSearch's Alan Richardson joins MAB

Appointed head of protection excellence

Jaskeet Briah
clock 07 January 2026 • 2 min read