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Young workers aged between 16 to 21 in the private sector are participating in workplace pension schemes at a much lower rate than their public sector counterparts.
The Pension Protection Fund (PPF) has published its 2021 diversity pay gap revealing a sharp drop in its ethnicity pay gap.
PPF pledges action to address ethnic minority pay and bonus gaps Getty Images/iStockphoto The Pension Protection Fund, London, pledged to increase the number of senior managers from Black and other ethnic minority backgrounds to help close gaps in average pay compared to white employees. The £36 billion ($49.8 billion) pension fund said that an average 23% difference in pay was attributable to fewer Black and ethnic minority in senior roles than white executives. The fund, which pays pension benefits to participants whose U.K. employers have become insolvent, said 16% of its senior staff are...
PPF 'disappointed' as it reports widening pay gap for the first time RSS Feed Our RSS feed is provided for personal use. Re-publication of Professional Pensions articles via RSS on another website is a breach of copyright and is prohibited. If in doubt please contact us.RSS feed Most popular content Events Industry Voice Guides If you already have an account please use the link below to sign in. If you have any problems with your access or would like to request an individual access account please contact our customer service team. The PPF included data on the ethnicity pay gap alongside the g...
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