UK accountancy firm Kingston Smith (Morison KSi) has announced a gender pay gap of 7% which has surpassed the UK gender pay gaps of PwC, Deloitte and EY.
The UK financial services average gender pay gap is currently 31% and even though PwC, Deloitte and EY have released gender pay gaps of 13.7%, 18.2% and 19.7% respectively, the firm has set a bar to further narrow the gap.
The Office of National Statistics (ONS) annual survey from November 2016 stated that the UK’s mean gender pay gap is 17.5%, which confirmed that UK financial services has the largest pay gap compared to other industries.
Kingston Smith also announced a median gender pay gap of 0% and a gender bonus gap of 52.1%.
KPMG’s will announce its gender pay gap figures in mid-December.