PPF reports rise in senior diversity and narrowing gender pay gap

The Pension Protection Fund (PPF) has published its 2025 Diversity Pay Gap Report, setting out the latest figures on gender, ethnicity and disability and long-term health condition pay gaps for its 20th year in operation. 

The report found that the gender pay gap narrowed over the year, and female representation in senior management went above the 50% target. 

Ethnic minority representation at senior levels increased from 17% to 21% and the mean ethnicity bonus gap narrowed. 

The disability bonus gap reached its lowest level since reporting began in 2022, dropping from 41.4% to 38.8%. 

The median disability pay gap rose to 1.4%.

Richard Beaven, acting CEO at the PPF, said: “Publishing our diversity pay gap data each year helps us measure progress and understand where further focus is needed. 

“The continued narrowing of our gender pay gap and the growth in female representation at senior levels is encouraging. 

“At the same time, changes in ethnicity and disability pay gaps show there is more work to do.”