PIMFA
20 May 2021
PIMFA launches their first industry awards to recognise companies promoting diversity and inclusion
PIMFA, the trade association for wealth management, investment services and financial advice industry, has announced the launch of their first ever industry awards to recognise firms of all sizes, at whatever stage in their journey, who are actively working towards promoting greater diversity and inclusion within our industry.
The PIMFA Diversity & Inclusion Awards will be held on 20 October 2021 in London and also online. Entries can be submitted from today (20 May 2021) and will remain open until 17 August 2021. The Award winners will be announced on 20 October 2021 and firms can submit their entries to the Awards here.
PIMFA’s industry awards come at a time when the Financial Conduct Authority’s Chief Executive, Nikhil Rathi, has made clear the Regulator intends to focus on diversity and inclusion within financial services, suggesting the level of diversity and inclusion within a firm could become a regulatory matter in future.
Award entries, in partnership with Worksmart and Coutts, will be judged by a group of industry peers alongside experts in diversity and inclusion from charities that PIMFA partner with. This includes Richard Wilson, Chief Executive of Interactive Investor; Peter Moores, Chief Executive of Raymond James; Andrew Croft, Chief Executive of St. James’s Place Wealth Management; Jennifer Mathias, Chief Finance Officer at Rathbones; Theresa Heaton, Head of Change at Brown Shipley; Matt Cameron, Global Managing Director at LGBT Great, Bev Shah, CEO & Founder, City Hive and Katerina Rudiger, Chief Executive at The Brokerage, among others.
Liz Field, Chief Executive of PIMFA commented: “PIMFA knows that there are firms of all sizes, at different stages, who are doing really great work towards creating a more diverse and inclusive workforce – but that many remain hidden or unrecognised. We want to recognise these firms and celebrate the value and importance of having a more diverse and inclusive profession and the difference it can make for clients, staff and organisations alike.
“Firms both large and small will have examples of initiatives they are working on to bring about change and make their own businesses, and our industry more broadly, more inclusive and diverse whether that is in schools’ initiatives, or through recruitment practices.
“There is also a wide variety of exceptionally talented individuals coming up through the ranks in our industry, who are helping their organisations provide support to diverse communities and clients or developing and leading innovation.
“We think it is appropriate to celebrate those people, and those organisations, that are working hard to ensure our industry better represents the wider society it aims to serve, and perhaps learn a little from those that are already making progress towards a more diverse and inclusive workforce along the way.”
The PIMFA Diversity & Inclusion Awards will include the following awards categories:
- (Firm) Inclusive Talent Management (small firm: one – 50 employees)
- (Firm) Inclusive Talent Management (small/medium firm: 51 – 200 employees)
- (Firm) Inclusive Talent Management (medium firm: 201 – 500 employees)
- (Firm) Inclusive Talent Management (large firm: 501+ employees)
- (Individual) Rising Talent
- (Firm) Best D&I Initiative
- (Firm) Best Approach to Wellbeing
- (Individual) The Overall D&I Champion
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About PIMFA – the Personal Investment Management & Financial Advice Association
- Firms can submit their entries to the D&I Awards here
- Find out more about PIMFA’s other D&I work here
- PIMFA is the trade association for firms that provide investment management, investment services and advice to everyone from individuals and families to charities, pension funds, trusts and companies.
- The sector currently looks after £1.65 trillion in private savings and investments and employs over 63,000 people.
- PIMFA represents both full and associate member firms. Full members provide a range of financial solutions including financial advice, portfolio management, as well as investment and execution services. They assist everyone from individuals and families, to charities and pension funds, all the way to trusts and companies. Associate members provide professional services to the PIMFA community.
- PIMFA leads the debate on policy and regulatory recommendations to ensure that the UK remains a global centre of excellence in the wealth management, investment advice and financial planning arena. Our mission is to create an optimal operating environment so that its member firms can focus on delivering the best service to clients, providing responsible stewardship for their long-term savings and investments.
- PIMFA has made numerous recommendations to the FCA regarding the Future of Advice, the Future of Supervision, & the FSCS levy – read more.
- PIMFA was created in 2017 as the outcome of a merger between the Association of Professional Financial Advisers (APFA) and the Wealth Management Association (WMA) with a history as a trade association since 1991 – read more.
- Further information can be found at pimfa.co.uk
Contact
For further information on this release or other press matters please contact:
Matthew West, PIMFA PR Manager – MatthewW@pimfa.co.uk, +44 (0)20 7382 0376
Sheena Gillett, PIMFA Communications & PR Director – sheenag@pimfa.co.uk, +44 (0)20 7011 9869 / +44 (0)7979 493225
