FSCS: Gender pay gap now at 1.5% in favour of women

The lifeboat fund is also working on reducing its ethnicity pay gap

Sahar Nazir
clock • 1 min read

The Financial Services Compensation Scheme (FSCS) has said it addressed its gender pay gap, with median pay now at 1.5% in favour of women, according to its 2022/23 annual report.

It said that 75% of its executive team are female, 67% of its board members are female and 50% of senior managers are female. The lifeboat fund has also said it is actively working on reducing its ethnicity pay gap, which closed by 8% this year. It increased the number of Black, Asian, minority ethnic managers to 17% from 10%; and more than a third of employees (38%) now come from Black, Asian, minority ethnic backgrounds. Elsewhere, the Treasury Committee is calling for evidence on the barriers faced by women working in financial services as it launched an inquiry into sexism in t...

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

Hargreaves Lansdown £5.4bn takeover offer deadline extended again

Hargreaves Lansdown £5.4bn takeover offer deadline extended again

The new deadline for a takeover bid is set for 5 August

clock 19 July 2024 • 1 min read
Hargreaves Lansdown hits £155.3bn AUA thanks to new clients

Hargreaves Lansdown hits £155.3bn AUA thanks to new clients

A net 24,000 new clients joined HL in the most recent quarter

clock 19 July 2024 • 1 min read
Feel Good Friday: SJP employee to take on 'world's toughest race'

Feel Good Friday: SJP employee to take on 'world's toughest race'

Sarah Ruggins will be raising money for the SJP Charitable Foundation

Professional Adviser
clock 19 July 2024 • 1 min read