Equality and Human Rights Commission

The terms of reference of the Inquiry are:

1. To inquire into the gender pay gap and pay trends across the financial services sector
2. To inquire into the extent and nature of sex discrimination in relation to recruitment, terms and conditions, promotion, career paths, retention and workplace culture across the financial services sector
3. To examine measures used by employers and other organisations to address sex discrimination and inequalities in pay and status, and to assess the effectiveness of such measures
4. To assess and analyse the differential impact of job losses in the sector
5. To consider any other matters as appear to the Commission to be relevant to the above
6. To make such recommendations as are appropriate

Definitions

For the avoidance of doubt we have defined the financial services sector as all activities covered by Standard Industrial Classification 1992 Section J: financial intermediation (65), insurance and pensions (66), auxiliary activities (67).