
Target Group celebrates record gender pay gap milestone
The mean gap stands at 18.34% - the lowest figure the business has recorded.Â

The mean gap stands at 18.34% - the lowest figure the business has recorded.Â

The Unbiased study, based on a survey of over 1,200 financial advice seekers, revealed that women, on average, possess £60,000 less in assets than men (£220,425 compared to £160,030).

There is a demand from women for financial advice, with 36% of unadvised women expressing an interest in working with an adviser.

Across all senior management, Target has increased female representation from 30% in 2020, to 41% today.

Women need to save for nearly 12 years to afford a deposit for their first home, almost four times longer than men, according to new research from Mojo Mortgages.

Women are 33% more likely than men to say they do not understand how their pension works, indicating a lack of financial confidence, according to Legal & General.

62% of female SME leaders said it was harder to secure a business loan now than pre-pandemic, compared with 57% of male business leaders.

While the UK’s overall gender pay gap has fallen at the fastest rate since 2017, it seems that building societies in particular have a lot of catching up to do.
Press Esc to close.
