Driving Inclusion Together

Following on from Member Feedback, we have collated key asks per dimension of DEI.

By working towards achieving these, you and you firm set a powerful example within the industry, driving meaningful change together.

We encourage you to:

 

    • Work towards and sign up to the Diversity Project’s 5 year goals.

      Below, see the targets around three dimensions of diversity: ethnic minorities, gender and socio-economic backgrounds, focused on increasing representation and participation at all levels of seniority.

Socio economic targets
All member firms to collect socio-economic diversity data for their people – both entry level and existing – and to track promotions
  • All member firm agree to collect socio-economic diversity data for all of their employees, at point of hire and over time, and to track promotions.
  • All member firms to support one or more programmes that focus on socio-economic diversity – note this could be early careers recruitment, but could be an internal talent programme, etc.
  • At least 80% of early careers hires to have attended a state run or state-funded school, or received a means-tested bursary covering the cost of their education, for the duration of their secondary education (11-16)
Gender Targets
  • 20% female fund managers (up from 14% in large groups and 10% in small groups in 2019 source Citywire**). Targets adopted by individual member firms.
  • Gender pay gaps reduced by one third from their 2019 figures.
  • 50:50 male:female graduate and school leaver recruitment.
  • Equal take up of stocks and shares ISAs by female and male customers.
Ethnicity Targets

All member firms agree to:

  • Achieving 90% ethnicity disclosure rate
  • Set specific race and ethnicity targets for improving representation at Board and Leadership levels
  • Set specific race and ethnicity targets for improving representation at portfolio management and investment teams
  • Measure ethnicity pay gap
    • Click here to see the full five-year goals page. You can find the 2024 goals and objectives for each dimension of DEI here.

    • Each year, the Diversity Project run our Goals and Progress Tool Survey where our Members can benchmark their efforts across various areas of diversity and inclusion. To see the full reporting from last year’s survey click here.

Sign-up for pledges and schemes such as:

Together, we can drive meaningful change and create an industry with the best talent to deliver the best possible financial outcomes for our clients, to reflect the society we serve and ultimately to secure a more sustainable future for our sector.