Legal & General Group Plc (Legal & General) has reported a continued narrowing of its median gender pay gap for 2019.
12 Mar 2020
In new figures published today, Legal & General disclosed that the median gender pay gap across all its UK businesses narrowed by 1.8% in 2019, and by 3.2% across its investment management division. This also marks the first year that pay gap figures from CALA, Legal & General’s recently acquired house-building business, were integrated into group-wide reporting.
Like many organisations across the diverse range of industries in which Legal & General operates, particularly financial services and investment management, the gender pay gap is the result of having historically employed more men than women in more senior, higher-paid roles – something Legal & General is working to change.
John Godfrey
Director of Levelling Up
Group Communications
T: 020 3124 2090
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which 39% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.
*as at HY 2023