Nucleus, the adviser built wrap platform, has signed up to the Women in Finance Charter, an initiative from HM Treasury to build a more balanced and fair financial services industry.
The charter sets out three principles to improve gender balance across all levels of financial services – committing firms to support the progress of women into senior roles, recognise each firm should set its own targets and implement the right strategy for the organisation, and publicly report on progress to support the transparency and accountability needed to drive change.
As a signatory of the Charter, Nucleus has pledged to promote gender diversity by:
- Appointing David Ferguson as the member of the senior executive team responsible and accountable for gender diversity and inclusion
- Setting internal targets for gender diversity in senior management
- Publishing progress annually against these targets in reports on the Nucleus website
- Having an intention to ensure the pay of the senior executive team is linked to delivery against these internal targets on gender diversity
Since the Charter launched 162 financial services firms have signed up, with Nucleus becoming one of 26 firms to join today. Nucleus will publish its targets and data on its website by 31st January 2018.
Commenting on the news, David Ferguson, founder and CEO of Nucleus, said:
“We believe a more diverse workforce makes for better business. It helps to not only improve the culture of an organisation, but also improves decision making to help drive better customer outcomes and greater profitability.
“We want to work in a business where everyone has the same chance to develop and make an impact. It feels like the inclusion tide is finally turning in financial services and the Women in Finance Charter is a great opportunity to champion diversity and the positive difference that it makes.
“We have been laying the groundwork to create an integrated, collaborative and diverse workforce that will be beneficial for everyone, but most importantly for our people and our customers. This initiative will really allow us to review and learn from our practices to ensure that our ambitions for diversity get bigger and better.”
The Economic Secretary to the Treasury, Stephen Barclay, said:
“This is another excellent group of signatories to the Women in Finance Charter. Their actions, alongside those of the other signatories, have the potential to make the UK’s pre-eminent financial services sector more representative and more inclusive. I’m keen to see even more firms follow their example and make a positive, public commitment to improve gender balance in our financial services.”