14 May 2019

Major shift needed to address gender pay gap

3 min read

 
Helen Morrissey, Personal Finance Specialist

Helen Morrissey

Corporate PR Specialist – Long Term Savings

Share

Commenting on today’s UK Labour Market statistics, Helen Morrissey, pension specialist at Royal London, said:

“Today’s statistics show the joint highest employment rates for women since records began. This is great news as more women will be able to take advantage of initiatives like auto-enrolment to build a sound financial future. However, we must remember that there is still a long way to go to improve women’s financial prospects as women are paid less and are more likely to be in part time work. A major shift is needed to address this enormous gender pay gap and help women build their financial resilience.”

Notes to editors:

UK Labour Market statistics can be found here

For further information please contact:

Helen Morrissey, Corporate PR Specialist – Long Term Savings

About Royal London

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £130 billion, 8.8 million policies in force and 4,046 employees. Figures quoted are as at June 2019.

At Royal London, we’re proud to champion the value of impartial advice. We believe it plays a crucial role in connecting people with the products that are right for them – and is key to delivering better outcomes and experiences for our customers. At the same time, it helps to build trust in our products and services.

Royal London works alongside advisers not in competition with them. That’s why we’ve made some key commitments to the intermediary market. You’ll find more detail on our commitment to advisers at http://adviser.royallondon.com/campaigns/our-commitments/