Succession reveals bonus pay more than four-fifths lower for women

Just 9% of women paid a bonus

Victoria McKeever
clock • 3 min read

Succession Group has revealed women received on average more than four-fifths (86%) less in bonus pay than men.

Just under a tenth (9%) of women were paid bonuses, compared with a fifth (20%) of men, according to figures published on the gov.uk website.  Men made up seven in 10 (70%) of Succession's top-paid employees and more than half (54%) of its upper middle quartile. The two lower-paid quartiles were, however, majority female - 68% and 66% respectively. As a result, women were paid on average around four-fifths (42%) less than men on an hourly basis.  Succession chief executive James Stevenson (pictured) said: "We are committed to equality, diversity and inclusion. Our gender pay gap is...

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

Advisers urged to prioritise mindset over products in retirement planning

Advisers urged to prioritise mindset over products in retirement planning

Defaqto conference panellists urge shift to service-led, goal-driven strategies

Sahar Nazir
clock 02 May 2025 • 1 min read
PA360: 'Clients crave certainty, not solutions' – advisers urged to listen harder

PA360: 'Clients crave certainty, not solutions' – advisers urged to listen harder

‘Are you really listening to your clients?’

Sahar Nazir
clock 02 May 2025 • 2 min read
PA Asks: Should the cash ISA limit be cut?

PA Asks: Should the cash ISA limit be cut?

Plus, which business leader inspires you, redundancy cover and NFTs

Professional Adviser
clock 02 May 2025 • 1 min read