The Coronavirus pandemic in 2020 set back the progress of women at middle and senior levels in financial services firms with 30% of Women in Finance Charter members missing their targets.

The median gender pay and pension gaps at the Chartered Insurance Institute have narrowed in the last 12 months, the financial professional body has reported.

The mean ‘gender pay gap’ at the Chartered Insurance Institute has almost halved in just two years, it has been revealed.

Financial advice firms are doing better at narrowing the gender pay gap than many other financial services firms, according to analysis by the Chartered Insurance Institute.