THE BOARD OF THE PENSION PROTECTION FUND
THE BOARD OF THE PENSION PROTECTION FUND has submitted data every year since 2017, with all 9 submissions on time.
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Last submission received on Tuesday, 24 Mar 2026 at 12:30 UTC.
Overall workforce composition
Deviation from a 50:50 gender split, averaged across all four pay quartiles per year. 0% represents an equal split of men and women; positive values mean more women, negative means fewer women.
Hourly pay gap over time
Positive values indicate women's hourly pay is lower than men's by that percentage. A value of 0 indicates equal pay; negative values indicate women earn more.
Pay quartile breakdown
Each band shows the percentage of that quartile that is male vs female.
Lower quartile bottom 25% of earners
Lower-middle quartile 25–50th percentile
Upper-middle quartile 50–75th percentile
Top quartile top 25% of earners
Bonus pay
Percentage of each gender who received a bonus payment.
Bonus pay gap — positive values indicate women's bonus pay is lower than men's.
Year by year
Each year's submission in full. Most recent year shown first.
2025 Mean pay gap 16.7%
Submitted on Tuesday, 24 Mar 2026 at 12:30 UTC.
In this organisation, women earned 85p for every £1 that men earned when comparing median hourly pay.
Women's median bonus pay was 20.9% lower than men's.
Women made up 44.3% of the highest paid quarter and 60.9% of the lowest paid quarter.
Pay quartile breakdown
2024 Mean pay gap 19.0%
Submitted on Friday, 14 Mar 2025 at 11:04 UTC.
In this organisation, women earned 82p for every £1 that men earned when comparing median hourly pay.
Women's median bonus pay was 21.9% lower than men's.
Women made up 41.3% of the highest paid quarter and 55.5% of the lowest paid quarter.
Pay quartile breakdown
2023 Mean pay gap 15.8%
Submitted on Wednesday, 27 Mar 2024 at 21:44 UTC.
In this organisation, women earned 83p for every £1 that men earned when comparing median hourly pay.
Women's median bonus pay was 19.3% lower than men's.
Women made up 39.8% of the highest paid quarter and 55.6% of the lowest paid quarter.
Pay quartile breakdown
2022 Mean pay gap 16.6%
Submitted on Thursday, 23 Mar 2023 at 20:22 UTC.
In this organisation, women earned 83p for every £1 that men earned when comparing median hourly pay.
Women's median bonus pay was 17.6% lower than men's.
Women made up 41.0% of the highest paid quarter and 56.5% of the lowest paid quarter.
Pay quartile breakdown
2021 Mean pay gap 23.9%
Submitted on Tuesday, 15 Mar 2022 at 12:09 UTC.
In this organisation, women earned 84p for every £1 that men earned when comparing median hourly pay.
Women's median bonus pay was 16.2% lower than men's.
Women made up 37.0% of the highest paid quarter and 53.0% of the lowest paid quarter.
Pay quartile breakdown
2020 Mean pay gap 25.0%
Submitted on Tuesday, 16 Mar 2021 at 09:00 UTC.
In this organisation, women earned 84p for every £1 that men earned when comparing median hourly pay.
Women's median bonus pay was 31.0% lower than men's.
Women made up 38.0% of the highest paid quarter and 54.0% of the lowest paid quarter.
Pay quartile breakdown
2019 Mean pay gap 22.5%
Submitted on Tuesday, 10 Mar 2020 at 09:38 UTC.
In this organisation, women earned 87p for every £1 that men earned when comparing median hourly pay.
Women's median bonus pay was 30.7% lower than men's.
Women made up 39.0% of the highest paid quarter and 49.0% of the lowest paid quarter.
Pay quartile breakdown
2018 Mean pay gap 23.6%
Submitted on Thursday, 7 Feb 2019 at 12:24 UTC.
In this organisation, women earned 83p for every £1 that men earned when comparing median hourly pay.
Women's median bonus pay was 30.5% lower than men's.
Women made up 32.5% of the highest paid quarter and 59.0% of the lowest paid quarter.
Pay quartile breakdown
2017 Mean pay gap 24.9%
Submitted on Wednesday, 21 Feb 2018 at 09:31 UTC.
In this organisation, women earned 80p for every £1 that men earned when comparing median hourly pay.
Women's median bonus pay was 24.1% lower than men's.
Women made up 31.0% of the highest paid quarter and 54.0% of the lowest paid quarter.
Pay quartile breakdown