Skip to main content
Personal Finance Professional – setting standards and guiding the profession - return to the homepage Personal Finance Professional logo
  • Search
  • Visit Personal Finance Professional on Instagram
  • Personal Finance Professional on Twitter
  • Visit @PersonalFinanceSociety on Facebook
Visit the website of the Chartered Insurance Institute Logo of the Chartered Insurance Institute

Main navigation

  • Home
  • News
  • News analysis
  • Features
  • Study room
  • Opinion
  • PFS Radio
  • Digital magazine
Quick links:
  • Home
  • Personal Finance Professional Issues
  • WINTER 2020
News

CII reveals gender pay and pension gap

Share on
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print
Open-access content Tuesday 1st December 2020
web_p9_gender-and-pension-pay-gap_HIRES_iStock-1170482108.png

The median gender pay gap and gender pension gap at the Chartered Insurance Institute (CII) has continued to shrink in the last 12 months.

It is three years since organisations in the UK started publishing figures on the gender pay gap.

The CII can now report that the professional body had a median gender pay gap of 13.94% in 2020, compared with 14.62% in 2019.

However, the CII’s mean gender pay gap marginally widened from 14.77% in 2019 to 16.25% in 2020.

During the last three years, the CII has re-evaluated roles to address any historic anomalies towards part-time workers; moved to ‘anytime anywhere’ working; trained managers to recognise and overcome unconscious biases; and committed to the Insuring Women’s Futures (IWF) Financial Flexible Working and Inclusive Customer Financial Lives pledges.

This year, the professional body for insurance and personal finance professionals also reported its gender pension gap.

Data based on the 215 employees who were contributing to the CII’s stakeholder pension scheme on 30 April 2020 revealed a gender pension gap of 11.18%.

The IWF Financial Flexible Working pledge commits firms to help their colleagues to understand and manage the long-term financial implications of flexible working.

The Inclusive Customer Financial Lives pledge commits firms to adopting an inclusive ‘whole customer’ approach, considering the impact of their life circumstances.

The full list of firms that have committed to the IWF pledges can be found here: www.insuringwomensfutures.co.uk/pledges-and-commitments

Image credit | iStock
PFP_Winter2020.jpg
This article appeared in our WINTER 2020 issue of Personal Finance Professional.
Click here to view this issue
Also filed in:
News

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Today's top reads

BECOME A MEMBER

BECOME A MEMBER

SUBSCRIBE TO PRINT

SUBSCRIBE TO PRINT
PFP
​
FOLLOW US
Twitter
LinkedIn
Youtube
CONTACT US
Tel: +44 (0) 20 7880 6200
Email
Advertise with us
​

About the PFS

About us
Membership
Qualifications
Events

PFP magazine

Digital magazine
Podcasts
Blog
News

General Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Write for PFP Magazine
Want to receive PFP Magazine
Not a member but interested in knowing more? Click here.

© 2022 • PFP Magazine is published by Redactive Media Group. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ