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

Royal London appoints group chief risk officer

Royal London appoints group chief risk officer

James McCourt to retire

Jaskeet Briah
clock 12 August 2026 • 1 min read
Over 450 professionals achieve CII Chartered status in H1 2026

Over 450 professionals achieve CII Chartered status in H1 2026

195 gained Chartered designations across insurance

Jaskeet Briah
clock 12 August 2026 • 1 min read
Nick Tait appointed as MD of Denplan

Nick Tait appointed as MD of Denplan

Joins from NVS Group

Cameron Roberts
clock 10 August 2026 • 1 min read