2023 progress
2023 progress
Gender pension gap
We show through our Pension Landscape data, that women across the UK retire with 38% less than men, on average. In order to reduce the gender pension gap, and realise our vision of making pensions simple so that everyone can look forward to a happy retirement, we’re committed to achieving gender parity across our customer base. We use our vote and our voice to campaign for change in our investee companies, to help achieve pension saving parity between men and women across the UK.
Gender diversity of senior management team
We’re proud to have achieved, and continued to maintain, gender parity in all levels of the company, including 50% female representation across the senior management team and 57% on our Board. Building an inclusive product and service requires both diverse representation across all levels, especially in senior management, but also a workplace where everyone feels they’re able to succeed as themselves. We’re proud that 85% of colleagues would recommend PensionBee as a place to work.
Retention rate of employees after parental leave
PensionBee has a new parent retention rate of 100% one year after parental leave, and has had many instances of promotion while colleagues are on parental leave. We offer fully remote and flexible working arrangements to everyone, while every PensionBee parent also gets additional leave days, which can be used for the many unpredictable surprises that parenthood can bring.
Gender inclusive parental leave and childcare benefits
Our industry-leading Gender Inclusive Paid Parental Leave Policy offers 110 days of full pay to all new parents, regardless of gender. PensionBee parents can take their leave flexibly, over two years. New parents also receive a payment when they return to work, to support with the high costs of childcare. Our policy also supports anyone going through the adoption process, IVF or with additional caring needs, which we recognise impact everyone.
Salaries on job ads
As an equal opportunity employer, we’re committed to providing full pay transparency to existing and prospective employees in our workplace by publishing salaries on all job ads, whether for internal promotions or external hires. We’re also an accredited Living Wage Employer, committed to paying our over 200-strong team at least the London Living Wage, wherever they’re based in the UK. We believe transparency on job ads is crucial to narrowing the gender pay gap, as where there’s ambiguity women can be disadvantaged.
PensionBee is committed to building a product and company that helps achieve the United Nations Sustainable Development Goal 5 of Gender Equality. This also includes a longer term commitment to gender parity across our customer base. You can read our Bloomberg Gender Equality Index answers.