Women working in UK financial services are earning nearly £30,000 less than men, with the hourly gender pay gap widening to 25%.

The remuneration committee at wealth manager St James's Place has proposed increasing the potential bonus for CEO Mark Fitzpatrick from 200% to a maximum of 250% of base salary following a fall in his total remuneration package in 2025.

The average salary at the FCA has risen by an average of 4.8% this year to £71,290, with some younger staff members receiving an 11.2% increase.