Supporting the Women in Finance Charter
Magenta is committed to supporting a fair and ethical workplace for all of our colleagues.
Currently Magenta is 100% female, but diversity is important to us. We will always employ the most suitable person for each job role, irrespective of gender and monitor diversity on applications, however, we are passionate about encouraging more women into our profession, which is generally still predominately male.
About the Charter
The Women in Finance Charter commits financial services firms to supporting the progression of women into senior management by focussing on developing existing colleagues with the potential to progress, setting public targets for improving gender diversity in senior management roles; and requiring firms to publicly report on progress to deliver against these internal targets to support the transparency and accountability needed to drive change.
The Charter was developed following a joint report, Empowering Productivity: Harnessing the Talents of Women in Financial Services, by HM Treasury and Jayne-Anne Gadhia, CEO of Virgin Money, on increasing opportunities for women in the financial services sector to improve gender equality.
Further information about the Charter can be found at Gov.uk.
Our commitment to gender diversity in our profession
The history of Magenta and its owner managers demonstrates its strong roots supporting gender equality and the progression of females in the financial planning profession.
Magenta was formed by directors Julie Lord and Gretchen Betts in 2016. Between them they have over 40 years financial planning experience.
Julie ran her own business for 17 years, championing the development of women in the business and some of those employees now work at Magenta. She hired Gretchen in 2012 while working for a larger wealth management company and they have worked closely together ever since, with Gretchen taking on the role of MD at Magenta when they established the business together.
At Magenta we believe that the skill and empathy women can bring to our profession is largely undervalued, both in the number of women who are encouraged to enter the profession and by inequality of pay. We want to ensure that we are part of any movement that is working towards changing this.
Our commitments to the HMT WIF Charter
The Charter helps improve opportunities and progression for women and ensures that talent rises to the top in the finance sector regardless of gender.
Our target is to maintain representation of women in senior management roles in Magenta of at least 50% at all times. We have put clear measures in place to help us maintain this.
Our five-point plan to support the Charter includes:
- Listening to our colleagues and improving our policies and communication.
- Supporting colleagues through flexible working and professional development.
- Supporting female progression into senior roles, through training, supervision and mentoring.
- Ensuring equal pay between colleagues for the skills they perform, irrespective of gender.
- Establishing (and publishing) our business values, both at Firm and Team level, in a language that reflects our corporate style and includes empowerment, respect, kindness and communication.