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

FCA: Most firms unable to meet bereavement claims performance levels

FCA: Most firms unable to meet bereavement claims performance levels

Call for improved bereavement handling times

Cameron Roberts
clock 22 November 2024 • 3 min read
ETF providers launch unlisted share classes to tackle slow MPS adoption

ETF providers launch unlisted share classes to tackle slow MPS adoption

Technological and cost barriers

Valeria Martinez
clock 22 November 2024 • 5 min read
Advisers expect regulation to limit time taken on giving advice

Advisers expect regulation to limit time taken on giving advice

Industry expects it will constrain their ability to meet demand

Isabel Baxter
clock 22 November 2024 • 2 min read