Jan 30, 2018

Aviva reveals gender pay gap

Aviva has become one of the first big UK financial services companies to reveal its gender pay gap, giving an insight into how companies that offer big bonuses to some staff are likely to perform. The insurer said on Tuesday that the mean pay gap - the difference in average hourly rates of pay that male and female employees receive - was 28.5 per cent. Aviva, which employs 16,000 people in the UK, says that the gap is due to having a higher proportion of women than men in junior roles, while that is reversed in senior roles. All UK companies with over 250 employees have to publish data on the gender pay gap by 5 April. Angela Darlington, Aviva's chief risk officer, said: "As a woman in financial services, I'm not proud of our gender pay gap figures. We're already doing a lot to increase the number of women in our senior roles, but it's clearly not enough."

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