Almost a quarter of financial planners have revealed the main aim of their diversity and inclusion programmes is to prevent discrimination, a survey of PFS members has revealed.
A social media poll of 101 PFS members in August asked: What is the main goal of your firm’s diversity and inclusion policy?
A total of 24% said they were working to improve workplace culture, with the same amount stating the goal of their approach was to ensure diversity was respected and employees were treated equally regardless of their race, gender, sex, health, ethnic or social origin, sexual orientation, age, disability, religion or culture.
Attracting and retaining talent was the main aim of diversity and inclusion policies in place at 13% of PFS member firms, while only 2% stated the major goal was to increase customer diversity.
In 2019, the CII Group introduced a new requirement for all Chartered firms to have an equality, diversity and inclusion (EDI) policy in place.
In April and May this year, the CII surveyed 328 Chartered firms to measure the impact EDI policies have and identify good practice.
The PFS will use the findings to share good-practice guidance on what financial planning professionals can do to take strides toward becoming more diverse and inclusive.