Aegon UK’s commitment to the HM Treasury Women in Finance Charter

Women in Finance Charter logo

At Aegon UK, we are committed to creating an inclusive culture, ensuring equal opportunities in our workplace and firmly believe we are more likely to be sustainable and successful as a company if we help everyone to be the best they can be.

Our Gender Pay Gap report proves we need to do more to encourage and enable female representation in senior, higher paid roles in our company. Therefore we’ve taken several steps to improve the gender balance in our company:

  • Established a formal overarching Inclusion and Diversity Programme with executive sponsorship, to help deliver our strategy and drive employee engagement, including a specific work-stream focused on gender equality.
  • Enhanced our shared parental leave policy to bring enhanced shared parental pay into line with our enhanced maternity pay, and also enhanced our paternity pay to better support the equal sharing of child caring responsibilities.
  • Partnered with leading providers to offer leadership development programmes to a number of female senior leaders across our business.
  • Embedded Inclusion and Diversity and our targets into executive objectives to drive progress and create a link between our targets and executive pay.

In February 2019 we signed the Women in Finance Charter and we committed to achieve an aspirational gender representation target of 33% female representation in our CEO-2 population by the end of 2021. On top of this we made an additional commitment that all candidate shortlists for appointments to the Board and CEO-2 population will contain at least 33% from either gender.

We are determined to embrace diversity in all its forms and to create a workplace where every employee can equally fulfil their potential. Therefore we believe that our efforts to remove existing barriers and raise awareness of disadvantage that females experience in employment and beyond will help us significantly increase the diversity of gender representation in senior management.