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Gender Pay Gap Statement

Wealth at Work Limited is fully committed to equality in all aspects of its operations. Whilst we acknowledge our legal obligation to publish an annual gender pay gap report, we do so with a commitment to learn and act upon its findings.

The report is based on snapshot data as of 5 April 2020 and the findings are set out below;

  • The mean gender pay gap for Wealth at Work Limited is 23.2%.
  • The median gender pay gap for Wealth at Work Limited is 38.9%.
  • The mean gender bonus gap for Wealth at Work Limited is 30.2%.
  • The median gender bonus gap for Wealth at Work Limited is 12.7%.

The proportion of male employees in Wealth at Work Limited receiving a bonus is 60.4% and the proportion of female employees receiving a bonus is 34.5%.

The figures set out above have been calculated using the standard methodologies used in the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017.

Wealth at Work Limited is committed to offering equal opportunities and equal treatment for all employees, regardless of sex, race, religion or belief, age, marriage or civil partnership, pregnancy/maternity, sexual orientation, gender reassignment or disability.

As such, the organisation:

  • carries out pay and benefits audits at regular intervals;
  • evaluates job roles and pay grades as necessary to ensure a fair structure.

While a statistical pay gap does exist in the mean average salary and mean average bonus gap between male and female employees, we note that 3 of our 4 highest paid employees are female, holding senior positions within the business.  Furthermore it should be noted that a large proportion of our employees are financial advisers, which continues to be, throughout the industry, a male dominated position. The role is higher paid than the average role and with a bonus element; this cohort distorts the overall statistics of our business.

As a diverse and inclusive employer, we are confident that men and women are paid equally for performing equivalent roles across our businesses. We are committed to take action to address any gaps and are focused on making continuous improvements across the business to retain and develop our employees.

I confirm that I have reviewed the data used and that to the best of my knowledge and belief the required elements are accurately expressed in accordance with the regulations.

Stuart Payne

Chief Financial Officer

Wealth at Work Limited