Young people cite opportunity gaps in financial services careers

LV= research findings

Jaskeet Briah
clock • 2 min read

Research from LV= has found “persistent” barriers that young people from lower socioeconomic backgrounds (LSEBs) face when accessing and progressing within the financial services industry.

The research, conducted among young people aged 16-21 in partnership with the Social Mobility Foundation, found that 40% of people from LSEBs believed the financial services industry was open to someone "like them". LV= said this is significantly less than their peers from intermediate and professional backgrounds. The respondents said that understanding how to access the financial services industry was a greater barrier than average across industries. A lack of entry-level opportunities was seen to be more limiting in financial services compared to other sectors, such as healthcare o...

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 Insurer

Partner Insight Video: Why everyday incidents are costing more than ever

Partner Insight Video: Why everyday incidents are costing more than ever

Research reveals the financial impact of common accidents and illnesses

Sponsored by MetLife
clock 24 November 2025 • 1 min read
L&G adds two hires to leadership

L&G adds two hires to leadership

Joining at the end of January 2026

Jaskeet Briah
clock 19 November 2025 • 2 min read
Aviva launches AI underwriting tool

Aviva launches AI underwriting tool

Analysing and summarising GP reports

Jaskeet Briah
clock 18 November 2025 • 1 min read