Old Mutual Wealth has revealed a mean gender pay gap of 39% across its UK and international businesses and a bonus gap of 80%, as its gender pay gap report acknowledges the firm and the industry has more work to do on diversity.
The report also showed 25% of the group's top earners, by fixed hourly pay, were men while 59% of its bottom quartile earners were women. Although there is a high bonus gap of 80%, slightly more women received a bonus - 85% of female staff, compared to 84% of men. Old Mutual Wealth also said it wants to address the fact only a third of senior management are female and just 36% of board members are women. It is aiming for 40% of senior management being women by 2020. How has financial advice progressed on gender diversity? In its initiatives to improve diversity it is introducing...
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