Question to the HM Treasury:

To ask Her Majesty’s Government what assessment they have made of the case for financial services executives being paid according to the number of women in senior roles.

The Government has asked Jayne-Anne Gadhia, CEO of Virgin Money, to lead a review into the representation of women in senior managerial roles in the financial services industry. One of Jayne-Anne Gadhia’s potential recommendations is to link variable pay for the Executive Team to reaching internal targets set by the organisation on the representation of women at a senior level.

The government welcomes Jayne-Anne Gadhia’s work to date and will consider the final recommendations when the review reports next year.