Reboot's Justin Onuekwusi and Noreen Biddle Shah: Closing the ethnicity pay gap

£3.2bn pay gap

clock • 4 min read

The attention given to diversity and inclusion progress (D&I) in the workplace has been steadily increasing in recent years, so too have the regulatory structures put in place to support it, as well as the number of leading industry stakeholders coming out to tackle the issue head on.

The Financial Conduct Authority and the Prudential Regulatory Authority, for instance, recently set out proposals to boost diversity and inclusion, including requirements for firms to "develop a diversity and inclusion strategy setting out how the firm will meet their objectives and goals", "set targets to address under-representation", and "collect, report and disclose data against certain characteristics". Reboot finds 'lack of real progress' in financial services DEI This last point in particular was echoed by a panel of leading lobbying and financial services industry groups, incl...

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