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Western EuropeSeptember 4 2023

Is socio-economic background a new key concern in UK financial services?

UK financial services regulators will publish a Consultation Paper to drive diversity and inclusion improvement in September — and socio-economic status is likely to be at its core.
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Is socio-economic background a new key concern in UK financial services?Image: Getty Images

As financial services regulators have been pushing firms for some time to accelerate diversity and inclusion progress in their workforces, some will be well prepared when the long-awaited Consultation Paper on Diversity and Inclusion (D&I) is released this month. 

Nonetheless, the measurement and improvement of social mobility presents a singular challenge for all in the sector, which must be overcome in order to meet the regulators’ demands. 

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