Women in Finance Charter: Senior management gender equality still 30 years away

'Frustratingly' slow progress

clock • 2 min read

Gender equality at the highest levels will take 30 years to reach in financial services unless more action is taken, according to the Women in Finance Charter.

The group has blasted the slow progress being made within the sector in its latest report. Though the financial services sector is successfully accessing more female talent at a junior level, the picture is worse at a senior level. From 2018 to 2020 the proportion of women in senior management in the industry increased by only 1%, from 31% to 32%. Consultancy Bain & Company, which worked on the report with the charter, found evidence of biases among financial services companies. As well as an average disparity of 66% between men and women's salaries, a lack of transparency exace...

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

Cover accessibility and service levels remain stagnant: COVER Summit North 2026

Cover accessibility and service levels remain stagnant: COVER Summit North 2026

Insurers "need more skin in the game" to expand claims teams

Jaskeet Briah
clock 20 March 2026 • 4 min read
COVER Summit North 2026: In pictures

COVER Summit North 2026: In pictures

Check out our 2026 North event

COVER
clock 20 March 2026 • 1 min read
Regulation and mentality key for protection expansion: COVER Summit North 2026

Regulation and mentality key for protection expansion: COVER Summit North 2026

"There isn’t enough training in all corners of the market"

Jaskeet Briah
clock 19 March 2026 • 4 min read