HM Treasury’s Women in Finance Charter reflects our ambition to see an improved gender balance in the financial services industry. Charter signatories have committed to implement strategic actions to improve their gender balance at a senior level.
To date, over 350 financial services firms have signed the Charter, covering over 800,000 people. Of these, around two thirds of signatories have headquarters in London and around one third have headquarters elsewhere in the UK.
We only hold information on the location of each signatory’s headquarters and so we are unable to provide an estimate of how many workers in each area are covered by the Charter. For example, some of the signatory organisations headquartered in London will have locations in other areas of the country. Of the over 1 million people employed in the financial and insurance sector in the UK, 63% work outside London.
Our second annual review of the Women in Finance Charter was published on 14 March 2019 and demonstrated that 72% of signatories had increased the proportion of women in senior management over that period. Firms who have been signed up for two years made more progress in the second year than in the first. We are in the process of gathering data for the third annual review which I hope will show further progress.