Skip to content
Subscriber Only

Finance Companies Show Little Progress in Cutting Gender Pay Gap

  • U.K. pay gap widened slightly over past year, disclosures show
  • Deadline to report gender pay breakdown is midnight in London
RF office

Source: Getty Images

Women working in the U.K.’s financial-services industry are seeing little improvement in their pay parity with male colleagues, according to the latest batch of disclosures as this year’s reporting season comes to a close.

Businesses have until midnight in London to report their gender pay gap for a second year under a law that makes it mandatory to publish a uniform assessment of the difference between what men and women in their workforce earned on average. Last April’s disclosures provoked a swell of unease, prompting pledges by some of the country’s best-known companies to take action. Few have made progress, with the banking and finance sector posting some of the largest gaps on average.