Legal & General publishes UK Gender Pay for 2018
Legal & General Group Plc (Legal & General) has seen its gender pay gap narrow over the last year, new figures published today reveal.
The median gender pay gap across all of Legal & General’s UK businesses fell from 31.6% in 2017 to 29% in 2018 – a fall of 2.6%. Despite the positive overall figure, the gender pay gap widened in the company’s investment management division, where the median figure rose from 21.4% in 2017 to 22.8% in 2018. As with last year, and like many other organisations, the gender pay and bonus gap is a result of having more men than women in senior and higher paid roles.
Legal & General’s 50/50 by 2020 initiative, which is aimed at achieving gender balance at all levels of the organisation
has set clear targets to improve gender diversity in senior roles, as well as inclusive recruitment and working environment policies to accelerate progress towards a more diverse and gender balanced organisation.
Emma Hardaker-Jones, Group HR Director at Legal & General:"Change is happening at Legal & General. We’re hiring more women at all levels across our business, including people returning from a career break and are continuing to embed measures that will help our leaders change the way we think about who and how we recruit and promote."
Notes to editors
Established in 1836, L&G is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY25) of which c. 43% (c. £0.5 trillion) is international. We have a highly synergistic business model, which continues to drive strong returns. We are a leading player in Institutional Retirement, in Retail Savings and Protection, and in Asset Management through both public and private markets. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.