Two-thirds of ethnic minorities in UK financial services have suffered discrimination

Race to Equality: UK Financial Services

Lauren Mason
clock • 3 min read

Some 66% of ethnic minorities working in financial services have experienced discrimination at work due to their background, according to a recent survey from reboot.

The report, entitled Race to Equality: UK Financial Services, also found that only 36% of respondents believe their companies are fully committed to enhancing diversity and inclusion, while 48% believe their career progression is slower than that of their white colleagues. The findings of the report, which was conducted in partnership with research house Coleman Parks, came from a survey of 800 employees across 440 UK financial services firms. It also found that only 51% of respondents think their leadership teams believe diversity is critical to their businesses, and that only 59% of...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Do you really think the young are bypassing advice by choice?

Do you really think the young are bypassing advice by choice?

We could use a bit more empathy when it comes to potential future clients

Hope Coumbe
clock 20 May 2024 • 4 min read
Industry calls for an interest rate drop of 5% from Bank of England

Industry calls for an interest rate drop of 5% from Bank of England

The monetary policy committee will have its next meeting on 20 June

Hope Coumbe
clock 20 May 2024 • 1 min read
Property inheritance figures paint bleak tax picture for millennials

Property inheritance figures paint bleak tax picture for millennials

Millennials on course for an ‘inheritance tax bombshell’

Sahar Nazir
clock 20 May 2024 • 2 min read