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

The COVER Review: Stonebridge acquisition, financial setbacks and more

The COVER Review: Stonebridge acquisition, financial setbacks and more

Week commencing 17 August 2026

COVER
clock 21 August 2026 • 1 min read
Fintel Services to introduce exit and acquisition service

Fintel Services to introduce exit and acquisition service

Set to launch later this year

Jenna Brown
clock 13 August 2026 • 1 min read
COVER Excellence Awards 2026: Shortlists revealed

COVER Excellence Awards 2026: Shortlists revealed

Award ceremony in London, 10 November, 2026

COVER
clock 06 August 2026 • 4 min read