Equity, Diversity & Inclusion

At FSCS we're on a mission to achieve an equitable experience for all: we recognise the importance of creating a diverse and inclusive workplace where everyone can succeed in achieving both their personal and professional goals.

For 2023/24, FSCS was listed as the 21st most inclusive employer in the Inclusive Companies Top 50 list. This demonstrates our ongoing commitment to building an inclusive workplace where everyone can succeed in achieving their personal and professional goals and feel that they truly belong.     

Spotlight on race and ethnicity
We've put a strong focus on our race and ethnicity work at FSCS over the past few years. We're founding signatories of BITC’s Race at Work Charter and Change the Race Ratio and we're continuing our journey to ensure everyone from every ethnic background has an equitable experience at FSCS. 

We want to close our ethnicity pay gap and see more ethnic diversity at senior levels of our organisation. We have increased the number of Black, Asian, Minority Ethnic managers from 17% to 25%; and more than a third of employees (38%) now come from Black, Asian, Minority Ethnic backgrounds.

Spotlight on gender
At FSCS, we are proud of the work we have done to provide an equitable experience for men and women in the workplace; and will use our approach to gender as a template for our work in other areas, to ensure that everyone who works for FSCS, feel that they belong.

We are signatories of the Women in Finance charter, a commitment by HM Treasury and signatory firms to work together to build a more balanced and fair industry. Firms that sign up are pledging to become one of the best businesses in the sector. As of October 2024, 66% of our Executive team are female, 83% of our Board members are female (including our Chair), and 41% of our senior managers are female.

Our future focus

Disability and Neurodiversity
We know we need to further enhance our work on disability. This year we have been working with EvenBreak, Do-It and Leonard Cheshire to make this happen.  We have disability confident leadership status and last year hosted 3 summer interns through Leonard Cheshire’s Change 100 initiative, one of whom has since secured a permanent role with us!

Socio-economic impact
We know that our socio-economic background can have an impact on future prospects.  At FSCS we are committed to ensure we attract talent from all socio-economic backgrounds and give everyone an equitable experience at FSCS.  We have started capturing data to influence our strategy on our socio-economic equity and are moving this work forward as we look ahead to 2025.

We are also proud of the apprenticeship opportunities we offer, working in partnership with Work Path (part of Tower Hamlets Borough Council) to offer those from the local community opportunities they may not have previously had access to.

ED&I Committee
Before the end of 2024, we will have a new ED&I committee in place, with representatives from across FSCS, chaired by our Interim CEO. This committee will own and drive our ED&I strategy, influence policies, champion diver recruitment and enhance awareness through education.