Suffolk Life reveals gender pay gap figures

Two-fifths of top quartile employees are women

Victoria McKeever
clock • 1 min read

Pensions provider Suffolk Life was the latest financial services business to have published gender pay gap figures, revealing women were paid on average a quarter (24%) less on an hourly basis.

According to figures published on the gov.uk website, women made up around two-fifths (41%) of Suffolk Life's top quartile employees but accounted for around three-fifths (61%) of its upper middle quartile employees. The pension provider's lower middle quartile, however, was more than two-thirds (69%) female, while its lower quartile was nearly three-fifths (58%) female. Bonus pay for women at Suffolk Life was nearly half (46%) that of men. More than two-thirds (70%) of women received bonus versus around three-quarters (74%) of men. Suffolk Life was acquired by self-invested personal ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

How Söderberg aims to dominate the crowded UK platform market

How Söderberg aims to dominate the crowded UK platform market

‘We see ourselves integrating well into the financial services tech stack’

Isabel Baxter
clock 29 April 2024 • 3 min read
Hoxton Capital AUM tops £1.3bn with double IFA acquisition

Hoxton Capital AUM tops £1.3bn with double IFA acquisition

Dudley and Guildford-based IFAs purchased

Isabel Baxter
clock 17 April 2024 • 1 min read
Tatton sees AUM reach £17.6bn as advice firm numbers grow

Tatton sees AUM reach £17.6bn as advice firm numbers grow

Discretionary fund manager records net flow increase of 28% to £2.3bn

Isabel Baxter
clock 16 April 2024 • 2 min read