The Charter was introduced by HM Treasury to ensure signatory organisations can work together to help build greater gender balance in financial services, reflecting the government’s aspiration to see gender balance throughout the industry.
Through signing the charter, the PLSA has committed to promoting gender diversity by:
- Having a member of the senior executive team who is responsible and accountable for gender diversity and inclusion
- Setting internal targets for gender diversity in senior management
- Publishing progress annually against these targets in reports on the website
- Having an intention to ensure the pay of the senior executive team is linked to delivery against internal targets on gender diversity.
PLSA Chief Executive, Julian Mund, said:
“Pension schemes have long made it clear that they expect diverse boards at the companies they invest in as this is key to firms’ long term success. What is right for companies, must also be right for pension funds. At the PLSA, we have a responsibility to ensure that women are represented fully across the wider pensions sector and becoming a Charter signatory shows our continued commitment to this issue."
Our senior executive responsible for promoting gender diversity is Ceri Howells, Chief Finance Officer and a member of the PLSA Board. As of June 2022, 37.5% of our Senior Management Team are female, 60% of our Board are female and 55% of our Policy Board are female, against our diversity target of 50%.