The financial services industry is one of the biggest in the UK – it employs 1.1m people (3.2% of UK employment), contributed £119b to the UK economy (6.5% of the total economic output) and had a £51b surplus in financial services export.
Yet the industry continues be dogged by problems – it has the biggest pay gap in the UK, women and ethnic minorities continue to be under-represented, mis-selling scandals continue unabated and trust in the sector remains elusive!
To prevent potential harm to consumer, the industry has become heavily regulated – it costs £1.8b a year to regulate!
Addidi believes that if we adopt a simple, easy to measure shared purpose – to improve the financial wellbeing of our clients – then we will see a healthier and more sustainable industry for the people working within as well as our clients.
We have started a movement to bring about meaningful change in the wealth industry from within.
There are 5 pledges, individuals can choose one or as many as they feel they can commit to. The 5 pledges are:
I am committed to living the changes I want to see happening at work
I am committed to helping others and passing it on
I am committed to being the beacon for good practice and good behaviour in my industry
I am committed to staying authentic to myself at work
I am committed to speaking up for people who are not being heard or seen around me
In late 2014, almost exactly 5 years ago, I joined a conference call telling me my role was redundant from a large global bank. I heard the news whilst holding my 11-week-old son in my arms and also some distance away from my colleagues as I was on maternity leave. In all, not a very… click to read more
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I am committed to
helping others and
passing it on