CFA Institute Launches DEI Code For UK Investment Industry

Editorial Staff

23 January 2024

The , the global association of investment professionals, has launched the UK edition of its voluntary diversity, equity, and inclusion code for the investment profession, following rollouts of the code in the US and Canada.

Signatory firms commit to six metrics-based principles designed to include more viewpoints in firms, improve the working environment and raise investment outcomes, the CFA said.

The kind of causes that the CFA supports can show how a topic enters the wealth management conversation. The CFA has also made moves in areas such as ESG investing, and the impact of AI, for example.

“CFA Institute is seeking to build a more representative and resilient industry, and we recognise that far more needs to be done across all aspects of DEI,” Margaret Franklin, CFA, president and chief executive, said.

The six principles of the new code are expanding the diverse talent pipeline; designing, implementing, and maintaining inclusive and equitable hiring and onboarding practices; designing, implementing, and maintaining inclusive and equitable promotion and retention practices to reduce barriers to progress; using firms’ positions and voices to promote DEI and improve DEI outcomes in the investment industry; using firms’ roles to promote and boost measurable DEI results in the industry; and measuring progress.