U.K. money management firms show progress in gender pay gap
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Sarah Kaiser cited Fidelity’s efforts to recruit, promote and retain women as part of the firm’s progress.
Some of the U.K. s largest money management firms improved their gender pay gap in 2020 compared with 2019, but managers say they are still struggling to increase the number of women in the senior roles that command the highest pay.
U.K.-based companies with at least 250 employees are required to publicly state on an annual basis the average hourly pay difference between male and female employees. However, due to the coronavirus pandemic, firms were given an extension until October 2021 to publish their 2020/2021 figures.