Wealth Adviser Newsletter 19.08.22

Tearing down the glass ceiling

Welcome back to the Wealth Adviser newsletter which has been on holidays for the last couple of weeks. We have kept the site going, however, and feature two interviews with leading women in the wealth space.
First up is Lindsey Rix, the newly arrived CEO at Canada Life, who detailed her three-point plan for taking the company forward.
Rix says: "It’s growing nicely this year and we have been traditionally more of a product provider, operating in our silos, but we want to move to getting closer to customers, to intermediaries and providing what people will need from us through their life cycles."
And Harriet O’Brien spoke to Kate Monserrate of Simplify Consulting whose newly released report on gender inequality in the wealth industry, found that 52 per cent of women are caught in a gender pay gap and 50 per cent have experienced career blocks linked to life events such as the menopause or starting a family. In addition, more than 70 per cent feel their employer has not taken satisfactory action after a gender-related issue has been raised.
"The remedies are simple," she adds. "Let’s get more industry-specific career advice into schools and colleges. Anything would be good, given there’s so little there now. And let’s also get more female role models in front of girls. If you have no idea what a successful woman in finance looks or sounds like, how can you possibly be expected to become one when you’re older?"
Food for thought.
Beverly Chandler, managing editor, Wealth Adviser
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