News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

People

City drags its heels over publishing gender wage gap figures

With a month to go until the April 5 deadline, only a handful of financial services companies have released their numbers

City drags its heels over publishing gender wage gap figures
Photo: Getty Images

When banks and financial services companies realised last year that they would have to publish the gap between how much they paid men and women on average per hour on a government website, the first reaction of many was: How can we get around this requirement?

Anne Sammon, a managing associate at law firm Simmons & Simmons, said some clients asked her whether it was possible to divide up their companies into smaller chunks so they fell underneath the rules’ thresholds, or even whether they ought to create new entities that only their senior (mostly male) members of staff would be housed in.

WSJ Logo