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

Sahar Nazir
Author spotlight

Sahar Nazir

News Editor at Professional Adviser

More on Your profession

BareRock CEO: 'FCA's three-day complaint rule possible for advisers'

BareRock CEO: 'FCA's three-day complaint rule possible for advisers'

‘It is possible for advisers with the right industry support’

Isabel Baxter
clock 02 September 2024 • 2 min read
PA Asks: Is the asset-based percentage fee outdated?

PA Asks: Is the asset-based percentage fee outdated?

This week’s poll also looks at platform performance and PII

Professional Adviser
clock 02 September 2024 • 1 min read
PA Working Lunches: Last chance to hear from SimplyBiz on regulatory challenges

PA Working Lunches: Last chance to hear from SimplyBiz on regulatory challenges

Join us on 4 September for an informative session worth one hour of CPD

Professional Adviser
clock 02 September 2024 • 1 min read