Groups take action as gender pay gap figures revealed

Financial services has highest mean pay gap

Beth Brearley
clock • 3 min read

The financial services industry had the highest mean gender pay gap (GPG) for 2017/18, data shows, with 416 firms in the sector meeting the government deadline to publish their reports.

Overall, 10,108 UK companies complied, reporting a mean GPG of 14.5% and a mean gender bonus gap (GBG) of 15.1%. In comparison, the mean GPG for firms involved with financial and insurance activities was 25.9%, according to Staffmetrix.  Legislation introduced in April 2017 requires UK companies with 250 or more employees to publish their GPG on an annual basis in a move to tackle workplace discrimination. Jupiter admits firm 'must do better' as it reveals 38% gender pay gap The GPG is the difference between the average earnings of men and women, expressed relative to men's earning...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot