Broker Diversity Push: Improved broking gender diversity across the leadership board in latest FOI data

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New data from a Freedom of Information request to the Financial Conduct Authority has revealed an improvement in the shift to more gender diversity in broking leadership, although the figures remain stark.

Last year Insurance Age revealed that at the end of August women held only 15.7% of approved senior management roles across the sector. The data was drawn from six key senior management functions regulated by the FCA (see box).

The roles

Governing functions

SMF1 – chief executive SMF3 – executive director SMF27 – partner SMF9 – chair

Required functions

SMF16 – compliance oversight SMF17 – money laundering reporting officer

At the time the indicator was moving in the wrong

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