View more on these topics

Bank of England under fire for passing over women for top roles

The Bank of England has picked the only man on a shortlist of contenders to join its rate-setting panel, drawing criticism from a number of influential MPs.

While the Treasury said roles were chosen on merit and it is “committed to diversity and encouraging the broadest range of candidates”, Treasury select committee chair Nicky Morgan said she was disappointed at the decision, while business committee chair Rachel Reeves described it as “truly staggering” not to pick a woman for the job.

The monetary policy committee at the bank, which is charged with setting rates, now only has one woman represented.

Four women and one man made the final shortlist after 19 men and eight women applied. The role eventually went to Imperial College Business School professor Jonathan Haskel.

Reeves says: “Eight of the nine-strong monetary policy committee are currently men and it is truly staggering that the Treasury has failed to appoint a woman to this role.

“The fact that four women were shortlisted shows that there are plenty of capable and well-qualified women, but yet again the top jobs seem to be reserved for men.”

Morgan adds: “I am disappointed that the gender balance in the monetary policy committee will not be improved through this appointment.

“While I welcome the fact that four women were shortlisted for this role, it is notable that the only shortlisted male candidate has been chosen.”



Morningstar downgrades Woodford’s equity income fund

In a new blow for Neil Woodford, Morningstar has downgraded his signature £6bn equity income fund from silver to bronze following concerns about its positioning. Morningstar senior research analyst Peter Brunt says that “extreme positioning” in less-liquid parts of the market have made the fund “less nimble” than others. He says: “While Neil Woodford is […]

Standard Life advice arm to advise Phoenix’s non-advised clients

Standard Life advice business 1825 is to advise non-advised clients of provider Phoenix, according to a report released by the investment giant today. Standard Life Aberdeen today published a circular following its announcement yesterday it is proposing to return £1.75bn to shareholders after the sale of its insurance business to Phoenix. Standard Life Aberdeen announced […]

Cityscape of Sydney Downtown and Harbor Bridge

What UK IFAs can learn from Australia’s Royal Commission

The British financial advice sector arguably faced its most difficult period in the 1980s and 1990s. Advisers have been collectively working since then to regain the trust of the public and promote the need for expert advice, while working under tightening restrictions designed to improve ethical conduct and increase client protection. During the same period of […]


How much are advisers charging for pension transfers?

Defined benefit pension transfer charges are being put under the microscope again as the regulator turns over more potential conflicts of interest. With the British Steel Pension Scheme the latest to dominate headlines and the FCA ready to interrogate further as it extends its review to include all firms authorised to give pension transfer advice, […]


News and expert analysis straight to your inbox

Sign up


There are 6 comments at the moment, we would love to hear your opinion too.

  1. Stacey Worboys 1st June 2018 at 9:36 am

    There’s a bit of confusion with this article. Paragraph 4 says that ‘four men and one woman’ were shortlisted but then further down in paragraphs 6 & 8, it says ‘four women’.

  2. John Hutton-Attenborough 1st June 2018 at 9:41 am

    There is a slight irony here that (I understand)the committee making the decision comprised two women and one man and was chaired by a women and are now being criticised for getting it wrong!

  3. ‘Four men and one woman made the final shortlist’ but ‘they appointed the only man’. Fallacy somewhere I fancy.

  4. Neil Liversidge 1st June 2018 at 1:38 pm

    Just so we can be clear, to be PC, are we now required to assume that every time a man gets a job, he only got it due to his being part of the evil patriarchy?

  5. Finian Manson 1st June 2018 at 5:33 pm

    My comment appears to have been too accurate but politically incorrect to post!

  6. Charlotte Hogg worked out well.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm