Gender pay gap in financial and insurance industries 2020

The 'gender pay gap' is defined as the difference between men's and women's average hourly earnings for full time workers within financial and insurance industries, as a percentage of men's average hourly earnings. The highest percentage gender pay gap median in 2020 was found in the Activities auxiliary to financial services and insurance activities , at 31.1 percent. On the other hand, the lowest percentage gender pay gap median for financial and insurance activities in 2020 was found to be in social security, at 17.0 percent.

Gender pay gap in full-time employment within the financial and insurance sector in the United Kingdom (UK) from 2015 to 2020, by industry

Characteristic	2015	2016	2017	2018	2019	2020
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Release date

November 2020

More information

Region

United Kingdom

Survey time period

2015 to 2020

Age group

16 years and older

Supplementary notes

Gender pay gap defined as the difference between men's and women's average hourly earnings as a percentage of men's average hourly earnings.

The source adds the following notes:
Employees on adult rates whose pay for the survey period was unaffected by absence.
Industry sections based on UK Standard Industrial Classification of Economic Activities 2007 (SIC 2007).
Activities of households as employers and extraterritorial organizations are excluded.
Full-time defined as employees working more than 30 paid hours per week (or 25 or more for the teaching professions). 2016 data are provisional.
Figures rounded to one decimal place.

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