Pay gap reporting can be positive for financial services

FT Adviser · Oct 25, 2021 · 26m

October 2021 marked the start of regulatory scrutiny over pay gap data reporting. Many companies have already reported, while others are still to unveil their data. Yet even with regulatory pressure to disclose the level of the so-called gender pay gap, many companies still seem unwilling to be as transparent as they could be. It is known that gender pay disparity leads to financial inequality between the sexes, greater financial vulnerability for women and poorer pension outcomes. So how can pay gap reporting and greater diversity and inclusion in financial services help lead towards a…