Elevate's top-paid employees 70% male

Gender pay gap figures

Victoria McKeever
clock • 1 min read

Men made up seven in 10 (70%) of Standard Life's Elevate top quartile employees, according to the platform's gender pay gap figures.

Women also made up less than two-fifths (37%) of Elevate's upper middle quartile employees, according to figures published on the gov.uk website. However, women made up nearly two-thirds (64%) of the lower middle quartile and nearly three-fifths (57%) of the lower quartile. In terms of hourly pay, women on average earned more than a quarter (27%) less on an hourly basis. Bonus pay for women working at the platform was also more than a half (56%) lower than for men, yet a similar number of men and women received bonuses - 97% versus 96% respectively. The figures come ahead of business ...

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 Your profession

March 2024: Month in review with deputy editor Jenna Brown

March 2024: Month in review with deputy editor Jenna Brown

Take a look at some of the news and feature highlights of the last month

Jenna Brown
clock 28 March 2024 • 5 min read
Wren Sterling adds £265m in client assets in latest deal

Wren Sterling adds £265m in client assets in latest deal

First advisory firm purchase of 2024 for national financial planner

Jenna Brown
clock 28 March 2024 • 1 min read
Consumer Duty Alliance looks to attract advice industry talent

Consumer Duty Alliance looks to attract advice industry talent

New Talent Alliance will be chaired by M&G Wealth Advice MD Tom Hegarty

Isabel Baxter
clock 27 March 2024 • 2 min read