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The Women in Finance Charter is owned by HM Treasury and commits firms to supporting the progression of women into senior roles in the financial services sector by focusing on the executive pipeline and the mid-tier level; each firm should set its own targets and implement the right strategy for their organisation.

It requires firms to publicly report on progress to deliver against these internal targets to support the transparency and accountability needed to drive change.

Our target is to reach 50% representation by the end of December 2027.

We have 36% female representation in senior management roles (as of end July 2024).

We aim to achieve gender balance through the following initiatives and activities:

• Recruitment, retention and promotion – Focusing on recruitment techniques that drive greater diversity and development opportunities for women
• Supporting women’s progression – Through leadership and mentoring programmes
• Targets – Including gender balance related targets within Senior Manager’s personal objectives
• Behaviour and Culture – Reinforcing expectations that all leaders are responsible for creating a culture of inclusion.

 
 
Andy Talbot
 
 

“When we signed up to the Charter in March 2021, we had 32% female representation in senior management (defined as Exco-1). As of July 2024 we have 36% female representation.

“Following the acquisition of DAS UK by ARAG SE and the subsequent merger of DAS UK and ARAG PLC in January 2024, our company and management structure has changed. As a result, gender split at a senior level has been impacted and we are no longer on track to meet our original targets.

“We are currently going through a process of embedding our new joint culture which includes a focus on inclusion through the re-launch of our inclusion strategy. With the support of new leadership network sponsors, we will continue to drive forward our combined initiatives with the aim of reaching our target for gender equality by our revised deadline of December 2027.”

Andy Talbot – Director of ATE, Broker Sales and Marketing and sponsor of Spark the Women’s Network