Financial services firms’ culture must improve to attract female talent into higher paid more senior positions to tackle underrepresentation both in terms of employee retention and serving a broad client base, the regulator has said.
Speaking at the Personal Investment Management & Financial Advice Association (PIMFA) Women's Symposium today (16 April), Financial Conduct Authority (FCA) executive director, risk and compliance oversight Sheree Howard said there needed to be a "different and better mix of advisers and advice". She highlighted that some women were deterred from working in financial services because of the culture that remains despite improvements over the years. "I am a very strong advocate of building healthy cultures that respect all people," she told delegates. "Many of you have, like me, worked ...
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