We believe that the savings and investment industry will be stronger and deliver greater benefits to customers and society if we create a more inclusive culture.
An inclusive culture can help attract the best talent into the industry. Diversity of people and thought within teams can improve decision-making by reflecting different perspectives, avoiding group think and our natural human biases. Quite simply diversity is good for business, colleagues and customers.
HM Treasury Women in Finance Charter
Quilter is a proud signatory of the HM Treasury Women in Finance Charter which seeks to improve gender balance at all levels across the financial services sector. In 2017 we set our target for gender balance in senior management; a minimum of 35%, but aiming for 40% of senior management being female by the end of 2020. When we signed the Charter in January 2018 we had 33% female representation in senior management (defined as Executive Committee and their direct reports). As of September 2019, when we provided our annual submission to HM Treasury, we still have 33% female representation in senior management.
Although the % of senior female representation since we first signed the Charter has remained flat, we believe we are still on track to meet our Charter target by our deadline, as we anticipate that initiatives we are undertaking will have an impact over the coming year.
The Diversity Project
We are founding members of the Diversity Project which was established in 2016 by a group of leaders in the investment and savings profession to accelerate progress towards an inclusive culture in the investment profession. By working collaboratively the Project shares best practice, and where gaps exist the participants work together to find solutions to help create a more diverse industry at all levels from intake to senior leadership and the board. The Project avoids duplicating existing efforts that are already working, but seeks to amplify existing initiatives through a joined-up and intensive approach.
We are also supporters of the 30% Club which aims to develop a diverse pool of talent for all businesses through the efforts of their Chair and CEO members, who are committed to better gender balance at all levels of their organisations.
For more information about our inclusive culture, please see Inclusion and diversity