Between 18 January and15 March 2021 the IFoA, in collaboration with the IFoA Diversity Action Group (DAG), invited all members to complete an online diversity monitoring survey
The aims of the survey were to:
- Understand- How members feel about the IFoA collecting diversity monitoring data
- Collect- A broad range of anonymised data on protected and socioeconomic background characteristics
- Develop- Appropriate categories for our global membership to use in IFoA diversity monitoring
What comes next?
The IFoA plans to routinely collect diversity monitoring data more comprehensively in the future. This will support the activities of the Diversity Action Group and also the development and implementation of an IFoA Diversity, Equity and Inclusion Strategy. This strategy will be introduced in 2022 and the DAG will be working with the IFoA Executive Leadership to implement it.
We are part of a taskforce, led by the City of London Corporation (bit.ly/2XzVAXZ), that aims to boost socioeconomic diversity at senior levels in UK financial and professional services. In November we will invite UK-based members to take part in an anonymised survey to establish baseline data, helping us build the business case for greater socioeconomic diversity in our sector.