View more on these topics

Aviva: Could flexible working worsen the gender pay gap?

Work-life balance-2015Giving employees the opportunity for more flexible working may mean younger men will pull more weight in their family lives than the previous generation, but runs a risk of further widening the gender pay gap.

MPs on the Treasury Committee held a hearing this morning on progress made since its recent Women in Finance report.

Aviva UK Life interim chief executive Angela Darlington said companies should be internally asking their employees whether they would like to carry on with their career or focus on your families.

She said: “We should have equal conversation with men and women.”

Darlington said that while she receives a range of reactions to this question, from some men asking “what is this going to do to my career”, to women saying “great, you can emphatise with me”, the younger generation is likely going to have more balanced reaction.

Gregg McClymont: New mums must be saved from gender pensions gap

She said: “Only time will tell, if they take a more equal weight. I think the younger generation is more mindful to do that – to have a more equal home life, to have dual careers. It is more normal.”

However, she also raised a concern that this could widen the gender pay gap: “You would be hoping that both men and women would be taking the opportunity to work more flexibly and fitting around their family life. However one of the risks is that it will be women and will just exacerbate the gender pay gap.”

The gender pay gap compares the remuneration of female and male workers at the company over period, regardless of their position at the company.

Recommended

Lighthouse Quilter deal gets court approval

A court has given final signoff to Quilter’s acquisition of Lighthouse. In a stockmarket update yesterday, the companies revealed that the court had sanctioned the deal arrangement, under which the entire share capital of Lighthouse is being purchased by Intrinsic. Lighthouse shares are due to stop trading from 12 June, and Lighthouse’s AIM shares will […]

Webconference: Does a new prime minister change the Brexit outlook?

Following the outcome of the European elections, Karen Ward, Chief Market Strategist for EMEA, will update us on her latest thoughts regarding Brexit and the impact on UK markets. She will consider whether a new prime minister or the prospect of a general election changes the outlook.

8

Is advice still being cross-subsidised from elsewhere?

Vertically integrated firms continue to make a loss on advice arms, but change might be afoot For larger advice groups, vertical integration remains the model of choice. Integrating advice, wealth management and platforms, they argue, gives a better service to the client, tighter management of risk and allows servicing of a broader range of customers. […]

Business-General-Handshake-Hire-Appointment-700x450.jpg

7IM confirms new CEO after Tom Sheridan departure

The FCA has approved the appointment of former Barclays managing director Dean Proctor as chief executive of Seven Investment Management. Proctor replaces Tom Sheridan who announced his departure from the firm in March after 17 years. 7IM, which launched as a discretionary fund manager in 2002, currently has £14bn in assets under management and also […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. […] Aviva: Could flexible working worsen the gender pay gap? – Money Marketing (moneymarketing.co.uk) […]

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com