GovWire

In 2015, the Government asked Dame Jayne-Anne Gadhia, former CEO of Virgin Money, to lead a review into the representation of women in senior managerial roles in financial services, focusing on the talent pipeline at the executive population below board level.

Empowering Productivity: Harnessing the talents of women in financial services was published in March 2016. The review found that in 2015, women made up only 14% of Executive Committees in the Financial Services sector. In response to the recommendations in that review, HM Treasury launched the Women in Finance Charter.

There are now over 400 firms, covering over one million employees, voluntarily signed up to the commitments of the Charter from global banks to credit unions, the largest insurance companies to the smallest fintech start-ups with headquarters in the UK, USA, Europe and Asia.

HM Treasury welcomes interest in the Charter from all firms of any type and size, and firms can still sign the Women in Finance Charter to join our next cohort of signatories. See our guidance or send us an email womeninfinance@hmtreasury.gov.ukfor more information on the Charter. To sign the Charter and formally commit to implement these recommendations, please visit the website and complete the online form.

For analysis by our partner New Financial on the progress made by current signatories, on the New Financial analysis: Women in Finance page.

The independent Women in Finance Charter Board comprises representatives from financial services firms which are signatories to the charter. It enables, through signatory engagement, the sharing of best practice to achieve the Charter commitments. If you would like to contact the Board, either as a Charter signatory, or as an organisation considering signing the Charter, please email womeninfinancecharterindustryboard@santander.co.uk.