As of 2024, the average gender pay gap in auxiliary activities supporting financial services and insurance in the United Kingdom (UK) was 35.4 percent. This indicates that, on average, male employees in this sector earned 35.4 percent more than their female counterparts. The pay gap in financial service activities (excluding insurance and pension funding) was significantly lower at 25.1 percent, while in the insurance sector, it stood at 19 percent.
Mean gender pay gap of full-time employees in the financial and insurance sector in the United Kingdom (UK) in 2024, by subsector
Gender pay gap (GPG) - calculated as the difference between average hourly earnings (excluding overtime) of men and women as a proportion of average hourly earnings (excluding overtime) of men. For example, a 4% GPG denotes that women earn 4% less, on average, than men. Conversely, a -4% GPG denotes that women earn 4% more, on average, than men.
The source provides further information: "ASHE is based on a 1% sample of employee jobs taken from HM Revenue and Customs (HMRC) Pay As You Earn (PAYE) records. Information on earnings and hours is obtained from employers and treated confidentially. ASHE does not cover the self-employed nor does it cover employees not paid during the reference period."
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Office for National Statistics (UK). (October 29, 2024). Mean gender pay gap of full-time employees in the financial and insurance sector in the United Kingdom (UK) in 2024, by subsector [Graph]. In Statista. Retrieved May 08, 2025, from https://www.statista.com/statistics/824090/mean-gender-pay-gap-finance-and-insurance-uk/
Office for National Statistics (UK). "Mean gender pay gap of full-time employees in the financial and insurance sector in the United Kingdom (UK) in 2024, by subsector." Chart. October 29, 2024. Statista. Accessed May 08, 2025. https://www.statista.com/statistics/824090/mean-gender-pay-gap-finance-and-insurance-uk/
Office for National Statistics (UK). (2024). Mean gender pay gap of full-time employees in the financial and insurance sector in the United Kingdom (UK) in 2024, by subsector. Statista. Statista Inc.. Accessed: May 08, 2025. https://www.statista.com/statistics/824090/mean-gender-pay-gap-finance-and-insurance-uk/
Office for National Statistics (UK). "Mean Gender Pay Gap of Full-time Employees in The Financial and Insurance Sector in The United Kingdom (Uk) in 2024, by Subsector." Statista, Statista Inc., 29 Oct 2024, https://www.statista.com/statistics/824090/mean-gender-pay-gap-finance-and-insurance-uk/
Office for National Statistics (UK), Mean gender pay gap of full-time employees in the financial and insurance sector in the United Kingdom (UK) in 2024, by subsector Statista, https://www.statista.com/statistics/824090/mean-gender-pay-gap-finance-and-insurance-uk/ (last visited May 08, 2025)
Mean gender pay gap of full-time employees in the financial and insurance sector in the United Kingdom (UK) in 2024, by subsector [Graph], Office for National Statistics (UK), October 29, 2024. [Online]. Available: https://www.statista.com/statistics/824090/mean-gender-pay-gap-finance-and-insurance-uk/
