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Women in Finance

2016 Empowering Productivity Report

This Report and its recommendations are about fairness, equality and inclusion for men and women.

More women than men start out in Financial Services but, as they progress, the majority fall out, especially at middle management level. This leaves almost all of the top jobs in the hands of men.

Achieving a balanced workforce at all levels in Financial Services will undoubtedly improve culture, behaviour, outcomes, profitability and productivity.

Nearly 3,500 people – men and women – contributed to this Report through a variety of channels and I am delighted to be able to make their views heard in this way.

Only 50% of women, compared to 70% of men believe they have an equal opportunity to advance regardless of their personal characteristics or circumstances.

New Financial's sample of 200 firms active in UK Financial Services showed an average of 23% female representation on Boards, but only 14% on Executive Committees.

"We're all used to having bosses that are men, pilots that are men, train drivers that are men. We're all used to having secretaries that are women. We need to have role models for ourselves but we also need to have role models for our children."

Broadminded Roundtable

You can find more information about Broadminded at


Views from across the UK Financial Services sector

Sign up to the Charter

The Charter is a commitment by HM Treasury and signatory firms to work together to build a more balanced and fair industry. Firms that sign up to this Charter are pledging to become one of the best businesses in the sector.

Sign up to the Charter here 


You can contact the Virgin Money team about the Report at: email opens in a new window

You can contact HMT about the Charter at: email opens in a new window