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Equal pay – not yet!

Women in some of the UK’s leading finance companies receive around 80 per cent less in performance related pay than their male colleagues, says the Equality and Human Rights Commission. This disparity is a major factor behind the massive gender pay gap in the finance sector (55%). The commission also found that the sector’s age profile may be a key factor blocking women’s success. An unusually high proportion of workers in the sector fall into the 25-39 age group – the age at which women tend to have childcare responsibilities. The survey found women were given lower starting salaries and just 23 per cent of respondents have undertaken an equal pay audit.