Generational divide: Finance sector’s equality blind spot

The landmark Diversity & Inclusion survey found that 25% of financial services professionals over 45 acknowledge gender equality challenges, compared to 56% of their younger colleagues. 

The research, put together with support from Credit Strategy’s Women in Credit Steering Committee – in particular Starling Bank’s Ruth Anderson, HSBC’s Nick Larkins, Capquest’s Adelle Smith and its co-chair, Azzuro’s Claire Moore – demonstrates how career longevity appears to correlate with diminished awareness of ongoing gender inequality. 

Jenna Abbott, operations director at Credit Strategy, said: “This research makes it clear that awareness isn’t enough. People need real support, and access to the right resources is imperative if we want to see real progress. 

“Companies must be more transparent, give their teams the confidence to speak up, and back that up with meaningful action.” 

The survey revealed that older professionals show lower engagement with gender equality initiatives overall, while 41% of under-45s report being ready to advocate for pay equality.  

Additionally, only 37% of all those surveyed said their organisation makes gender pay gap information easily and readily available, while just 39% say they know how to advocate for gender balance in their firm. 

The findings are published in Credit Strategy’s white paper, Advancing Gender Equality in Financial Services, which emphasises the importance of bringing senior leaders into conversations about persistent inequality issues that may not be immediately visible to those with longer industry tenure. 

To help address these challenges, Credit Strategy will be hosting dedicated workshops, leadership forums, and specialised training programmes designed to bridge the generational gaps identified in the research. 

In recognition of the outstanding work already being done in the industry, Credit Strategy also hosts the Women and Diversity in Credit Awards.  

Evolving out of the highly successful Women in Credit Awards, these celebrations honour not only the remarkable achievements of women but also the individuals, initiatives and allies driving meaningful change towards a more diverse and inclusive industry. 

Additionally, and as part of its efforts to support people in the industry, later this week Credit Strategy will be launching a new Mentoring Programme.