Gender pay parity ‘50 years away’ as insurance halts progress

pay gap

Despite the insurance industry making progress towards closing gender pay gaps, it continues to have the highest mean hourly pay gaps in 2023.

According to research by PwC, the insurance sector saw the highest mean hourly pay gaps in 2022/23, along with building societies and banking.

In contrast, public administration, health and leisure

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Labour promises to rip up red tape for insurers

Tulip Siddiq, shadow economic secretary to HM Treasury, has promised if the Labour party gets into power she will make sure regulation encourages growth and competitiveness in the insurance industry.

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