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.
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 a third is international. We also provide powerful asset origination capabilities. Together, these 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. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone.
*at 31 Dec 2022