Improvements in flexible working are among the key steps being taken to help achieve gender balance within the financial services sector, according to the UK Treasury. Financial services is the country’s highest paid sector but has the widest gender pay gap, at 39.5 percent, compared with 19.2 percent across the economy. The ‘Women in Finance Charter’, was set up by the Treasury earlier this year to publish progress on gender balance annually and reports that of the 72 firms who signed the charter, 60 have now committed to having at least 30 percent of women in senior roles by 2021. Alongside gender diversity targets, these firms have set out strategies for how they’ll hit these targets, including improving flexible working, making recruitment gender neutral and distributing high profile work more fairly.

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The 110^th International Woman’s Day took place this weekend, and, aside from highlighting the continuing struggles of women across the world, comes research that reveals how in this country, the odds are still stacked against women at work. More than four in 10 (42%) women aged between 18-34 said they have personally faced a gender barrier, followed by 34 per cent of those aged between 35-54 and 26 per cent of women aged 55 and over. Of those women who have experienced inequality at work, over a third (35%) say they believe male colleagues at the same level earn more than they do.  Thirty one per cent indicate they are assigned work that is below their level and are therefore unable to demonstrate their abilities, while almost one in five (19%) say that junior colleagues don’t take instructions from them, but will do from male colleagues of equal seniority. More →