Gender and Beyond: Meeting the Diversity Challenge in Financial Services. Register for our next thought leadership event, in which we will be examining the issues around gender, race and LGBT equality in financial services. Further details of the evening and how to secure you place are below.

 
 

Gender and Beyond: Meeting the Diversity Challenge in Financial Services

 

The Finance Foundation is delighted to announce our next thought leadership event, supported by AIG Europe Ltd.

 

Tuesday 31st October, 2017

 

6pm – 8pm

 

Is Diversity important to instilling the cultural change that many are looking to see in the post crisis finance industry? Are Boards and senior executives taking the right action to tackle barriers to gender, race and LGBT equality? Larger businesses will soon have to publish gender pay gap data (at 34% financial services has the biggest gap of any sector). The Parker Review called for action to address the low representation of Black and Minority Ethnic staff at senior levels and the Women in Finance Charter asks for commitments to increase female senior presence. But is the sector just paying lip service to diversity objectives, or is real progress being made in identifying what needs to be done to support fair and equal representation and reward regardless of gender, race or sexual orientation/identity?

We have convened a panel of senior staff from the sector with direct experience of these issues to lead this discussion. We will be welcoming Tangy Morgan, Senior Advisor to the Prudential Regulation Authority and Strategia Worldwide Ltd, AIG’s Geoff Godwin, UK Chief Operating Officer and Chair of their LGBT Group, Jaclyn Dove, Executive Director, Insurance Europe at Standard Chartered Bank and Justine Lutterodt, Director of the Centre for Synchronous Leadership.

This will be followed by a moderated Q&A, chaired by our senior associate Patricia Hamzahee, Founder of Integriti Capital, a Responsible Investment consultant and former global investment banking executive.

 

This event will be hosted in the grand Elizabethan style library at One Birdcage Walk, Westminster, London SW1H 9JJ.

 

Registration is from 6pm and the event will begin promptly at 6.30pm, with drinks served after the formal proceedings and the evening ending at approximately 8pm. Please click here for directions.

 

Please email Hilary Cooper with your name, position and organisation as soon as possible to reserve a place 

This email address is being protected from spambots. You need JavaScript enabled to view it.

Do feel free to forward the invitation to others in your organisation or networks.

 

www.thefinancefoundation.org.uk

 

 

Please email Hilary Cooper with your name, position and organisation as soon as possible to reserve a place 

This email address is being protected from spambots. You need JavaScript enabled to view it.

Do feel free to forward the invitation to others in your organisation



 
 
 

Older people, especially those in their 80s and 90s are now at increasing risk of financial exclusion. Our 2016 report on this issue, based on original new research by the Finance Foundation is available here (PDF - 929KB).

"When I'm 84". Locking the Door on the Older Old: the Challenge Facing Britain's Banks argues that the very oldest in our society are now at risk of becoming financially excluded. As the rest of us switch to digital technology and the closure of high street banks continues apace, the needs of older people are in danger of being forgotten.

The Finance Foundation Director, Andrew Freeman, is now calling for change:

‘This report makes a hugely valuable contribution to the debate on the older old and their access to financial services. The Finance Foundation is deeply committed to social justice. What we need now is some real discussion about how the industry should respond to this challenge, and what role the public and voluntary sectors should play. Everyone has a stake in ensuring that older people can continue to live independently with full access to the services they need.’

Describing the report as ‘a fascinating and timely’ piece of work, Christine Farnish CBE, Chair of the Peer-to-Peer Finance Association, said:

‘Access to your money, and the ability to make payments, is an essential part of being able to function in today’s world. It may be as important to an older person’s sense of self-worth as the ability to wash and feed themselves.’

Directed by Hilary Cooper, Senior Associate at The Finance Foundation, our research uses interview evidence from 175 older people to give an insight into the world of the over 80s - a group whose needs are normally invisible to policy makers as they are not separately studied. It also includes the views and experiences of over 250 family members and friends who, behind the scenes, help those in their 80s and 90s with their finances. The fieldwork was carried out for us by Opinium Research (see methodological report for further details).

A summary of the key findings and recommendations is available here. Hilary provided a detailed response to the FCA's consultation paper DP/16/1, the precursor to a comprehensive strategy on the Ageing Population and Financial Services which the FCA published in October 2017. She has also submitted evidence to the House of Lords Select Committee on Financial Exclusion, which can be read here, and which was drawn on in their final report.

The Finance Foundation looks forward to engaging in further debate on this very important policy issue, in particular as the Access to Banking Protocol continues to be evaluated and refined. Hilary was interviewed for Money Box Live on 5th October for their programme, Who needs a bank branch? You can listen to the discussion here http://www.bbc.co.uk/programmes/b07wtd72 (Hilary's interview about our research is about half way through).

 

Due to the announcement of the general election, Andy Haldane, Chief Economist at the Bank of England, has been obliged to postpone his Finance Foundation annual lecture, which was to have been hosted by the Financial Times. We are working to reschedule the event and will post details as soon as these are available. 

 
 
The Finance Foundation Annual Lecture 2017

Local Ebbs and Global Flows

The creation of the Bretton Woods institutions after 1945 heralded an increasingly integrated and cooperative international monetary and financial system. Global flows of goods and services, money and capital and people and ideas rose rapidly to reach new high-water marks. Now there are concerns, the most serious in several generations, about the intellectual and practical pillars of this vision, with local measures contributing to an ebbing of global flows. Looking back, what is the evidence on the aggregate and distributional consequences of these various flows? And what might the future hold for them?

Andy Haldane
Chief Economist, Bank of England

Chaired by Lionel Barber, Editor, Financial Times
Response by Martin Wolf, Chief Economics Commentator, Financial Times

6pm - 8pm

Date awaiting confirmation
 

The Financial Times, 1 Southwark Bridge, London SE1 9HL
 
 
 
Please email Hilary Cooper with your name, position and organisation as soon as possible to reserve a place 

This email address is being protected from spambots. You need JavaScript enabled to view it.
 


Registration is between 6.00pm and 6.15pm at the Financial Times reception desk at 1 Southwark Bridge to allow time to transfer up to the conference suite for a prompt 6.30pm start.

You are invited to join us for drinks and canapés after the lecture.

Please note that after 7.30pm the only exit from the building will be the Park Street exit, accessed from the ground floor.

 
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Our next event on 21st November 2017 is with Martin Wolf, Chief Economics Commentator, Financial Times and Eric Lonergan, macro hedge fund manager, economist and writer, in which they will look at the future of the UK economy as Brexit approaches. Invitations will be sent out shortly for an evening event (6-8pm) at One Birdgcage Walk. Please email This email address is being protected from spambots. You need JavaScript enabled to view it. if you would like to express an early interest.
 
 
 
 

How can we help the over 80s stay in control of their day to day finances and overcome the barriers that they face? This under-researched and now rapidly growing group of consumers is the subject of a major new research project recently completed by The Finance Foundation. It has at its core qualitiative and quantitative data collected from focus groups and structured face to face intereviews with 175 people aged over 80 and a more extensive online survey of those, primarily family members, who provide informal support to them, undertaken in Octover and November 2015 by Opinium.

The project was directed by Hilary Cooper, who is currently preparing a report for publication on 30th September 2016, integrating the fieldwork results with a review of the literature and an analysis of relevant contextual data, arguing for the sector to recognise the unique challenges faced by the very elderly and take action to respond. A summary of the emerging findings is available here. Hilary has already provided a detailed response to the FCA's consultation paper DP/16/1, the precursor to a comprehensive strategy on the Ageing Population and Financial Services which the FCA expect to publish in 2017. She has also submitted evidence to the House of Lords Select Committee on Financial Exclusion, which can be read here. The Finance Foundation looks forward to engaging in further debate on this very important policy issue.