Professional services consultancy Barnett Waddingham is one of the latest financial firms to sign up to the Women in Finance Charter.
A group of 19 new charter signatories were announced by the Treasury today.
The Women in Finance Charter is a pledge for gender balance across financial services.
The Treasury launched the charter In 2016, after its review entitled Empowering Productivity: Harnessing the talents of women in financial services found that, women made up only 14% of the executive committees in the financial services sector.
There are now more than 400 firms, covering over one million employees, voluntarily signed up to the commitments of the Charter – from global banks to credit unions, the largest insurance companies to the smallest fintech start-ups – with headquarters in the UK, USA, Europe and Asia.
Some insurance providers such as Aviva, Axa and Vitality have already signed the charter.
The charter represents a commitment by the Treasury and signatory firms to work together to build a more balanced and fair industry and support the progression of women into senior roles in the sector.
Signatories commit to supporting the progression of women into senior roles, set targets and are required to publicly report on their progress.
The Treasury said: “Firms that sign up to this charter are pledging to be the best businesses in the sector.
“The Charter reflects the government’s aspiration to see gender balance at all levels across financial services firms.
“A balanced workforce is good for business – it is good for customers, for profitability and workplace culture, and is increasingly attractive for investors.”
The Treasury said it welcomes interest in the Charter from all firms of any type and size, and firms can still sign the Women in Finance Charter to join the next cohort of signatories.
The other signatories in this latest batch of signatories include: AllianceBernstein, Cabot Credit Management, Canaccord Genuity Wealth, CG Wealth Planning, ClientTree Group, Darlington Building Society, GoCardless, Gooding Accounts, Haatch Helen Williamso Financial Planning, Humboldt Financial IntegraFin, Jensten Group, Lowell Mercia Asset Management, Oodle Car Finance, Scottish National Investment Bank and Tandem Bank.