FCA's Megan Butler: Regulator faces 'struggle' to achieve diversity at senior levels

Women in Investment Festival

clock • 2 min read

The Financial Conduct Authority (FCA) "struggles at senior levels” to recruit a diverse workforce, Megan Butler told delegates at the Women in Investment Festival on 3 March.

The FCA's executive director of supervision said that instead of not having senior women and those from diverse backgrounds at those levels in the organisation, it has found another "mechanism", which is to "grow our own". At the inaugural festival, hosted by Investment Week and sister publications Professional Adviser and Professional Pensions at The Brewery in London, Butler said that the FCA's gender pay gap went "backwards by 0.3%" last year as she acknowledged "we have the same issues as the rest of the industry" when it comes to cultural change. FCA's Megan Butler: Gender divers...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA dismisses British Steel complaints after lengthy investigation

FCA dismisses British Steel complaints after lengthy investigation

Regulator acknowledges decision will be ‘disappointing’ for complainants

Jenna Brown
clock 22 April 2024 • 2 min read
Agile IT needed as rapid regulation change becomes the norm

Agile IT needed as rapid regulation change becomes the norm

'Gone are the lengthy consultation and rule-setting cycles that often took several years'

Paul Muir
clock 15 April 2024 • 6 min read
Leveling up the playing field when it comes to picking skilled persons

Leveling up the playing field when it comes to picking skilled persons

Given the prerequisite for accuracy, a rigorous selection process is essential

Richard Farr
clock 15 April 2024 • 4 min read