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...

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