Helena Morrissey, the chairman of the Investment Association, the UK’s lobby group for fund managers, is to help launch a new group promoting diversity in the pensions and savings industry.

Morrissey, famed for her advocacy of gender equality in business and a founder of the 30% Club set up to increase the number of women on company boards, announced the new group during her address to the Pensions and Lifetime Savings Association's investment conference in Edinburgh on March 10.