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We are authorised and regulated by the Financial Conduct Authority (FCA) and members of the Equity Release Council.
Bower has always supported the aims of The Council and the associated SHIP safeguards which our membership offers, such as its commitment to impartial advice.
In March 2016, Jayne Anne Gadhia, CEO of Virgin Money led a review on behalf of HM Treasury into the need for a balanced workforce after looking at a representation of women in senior leadership roles in the Financial Services industry.
In response to this, HM Treasury launched the ‘Women in Finance’ Charter. This is a pledge for gender balance across financial services – we became a signatory in July 2018.
The Charter commits firms to support the progression of women into senior roles in the financial services sector by focusing on the executive pipeline and the mid-tier level and by signing the charter, we have committed to the following;
We will provide hiring managers with a diverse list of candidates and anonymous profiles ensuring the positions are decided on merit alone.
Alongside this, we will implement mixed gender interview panels to remove any possibility of gender bias.
Upon review, our non-management staff have a higher percentage of females to males, we will take action to attract and retain males in entry-level and customer-facing roles.
We will actively promote current senior female leaders as role models in the business and encourage discussion with them to promote and inspire a career in financial services.
We will enhance the skills of our future business leaders through gender balanced development programmes and courses.