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Tel: 020 7561 1786 (Multilingual advisors available)  •  Fax: 020 7272 8192  •  Email: info@credit-union.coop

Wed 16-Aug-2017
NewsCredit union signs up to Women in Finance Charter
Print
28 July 2016
Credit union signs up to Women in Finance Charter

London Capital Credit Union is pleased to be one of the first credit unions in the UK to sign the Women in Finance Charter.

The charter, which was launched recently by The Treasury, aims to improve gender diversity in senior positions in the financial sector. As well as London Capital Credit Union, the first 72 signatories include the Co-operative Bank and the Co-operative Credit Union.

A balanced workforce is good for business, customers and workplace culture, so the charter commits financial services providers to work together to build a more balanced and fair industry. The charter reflects the government’s aspiration to see gender balance at all levels across financial services and the firms that sign up are pledging to be the best businesses in the sector.

Martin Groombridge, Chief Executive of London Capital Credit Union, said: “Equality is a core part of what co-operatives are all about, so it makes sense for us to support the Women in Finance Charter. By signing up to the charter, we are showing that we are committed to gender balance and that we are determined to make the world a better place for everyone.”

The charter commits firms to support the progression of women into senior roles in the financial services sector, to recognise the diversity of the sector and to report on progress in order to create the transparency and accountability needed to drive change.

It is based on recommendations set out in a review of the representation of women in financial services, completed by Jayne-Anne Gadhia, CEO of Virgin Money. The review found that in UK financial services female representation was around 23% on boards and only 14% on executive committees.

To find out more about the Women in Finance Charter click here.


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