Rather than comparing the wages of men and women doing the same job, the gender pay gap is the percentage difference between average hourly earnings for men and women across the board. With just over a month until the deadline, the findings from the Equalities Office so far show 908 firms are paying men more than women, while only 143 are paying female employees more.
Discussing the matter with BBC Breakfast News, Debbie Crosby, COO of Clydesdale Yorkshire Bank said that by 2020, she aims to have 40% of senior roles within the group filled by women, and she feels that others within the finance industry should be setting similar targets.
“As a board of Directors, we wholeheartedly agree with Debbie on this. The offshore advice industry is well known for being a male dominated sector and this year Guardian Wealth Management are committed to bucking this trend by hiring more women for adviser and management roles.
Having identified a lack of tailored financial advice suited to the requirements of women, we formed a female-only team in 2016 that offers advice specifically for women. Although qualified female advisers only represent a small percentage of our adviser network we are extremley keen to expand this area of the business.
That said, the female advisers currently working at Guardian are amongst some of the most qualified and experienced in our industry."