Women in Finance Charter
PIMFA has been a proud signatory of HM Treasury’s Women in Finance Charter since November 2017.
When we signed up to the Charter we had 40% female representation. As of September 2020 we have a level of 60% female representation in senior management due to reorganisation and as such are on track to meet our Charter target by our deadline.
The CEO is responsible and accountable for diversity and inclusion in the organisation and reports progress to the PIMFA Board on a regular basis with effect from June 2018 (i.e. the start of PIMFA’s financial year).
- Maintain at least 40% women in senior management
- Ensure that referrals for all roles will include men and women
- Review the recruitment processes and messages to appeal to both men and women
- Ensure that shortlists include men and women, as appropriate, for senior, middle management and junior roles
- Ensure that similar roles held by both men and women are equally rewarded based on experience and qualifications
- Ensure that both men and women have access to formal and informal training and development within the organisation’s budget
- Produce development plans for specific roles to ensure stretch opportunities and appropriate exposure to facilitate progression
- Seek to provide public opportunities for staff to demonstrate their skills and knowledge, regardless of gender
- Act as an advocate for diversity and inclusion with our member firms
Explaining PIMFA’s Targets
PIMFA is a trade association that represents the needs of its members to Regulators, Government and key stakeholders and serves to further the interests of its member firms.
It is a small organisation and its key specialisms include lobbying, policy work and representation. This is itself a specialised field, exacerbated by the fact that it is within the wealth management and financial advice sector, which is under-represented in terms of gender*.
Because of the specialist fields, particularly in industry policy, we often get referrals for emerging posts or projects. Finally, we are a small association, with a flat reporting structure.
*17% females within wealth management, 18% females within advice and intermediaries, 19% females within private banking (senior management only) November 2017.