The gender pay gap in New Zealand's financial and insurance services was 29.3% in 2024, according to the Ministry for Women.
While an article by New Zealand’s Finances Services Council noted that the gender pay gap in the county was lower than in other countries, it also pointed out that women in leadership roles faced challenges in achieving pay parity in leadership roles.
“For women of Maori and Pasifika heritage, the disparity is even more pronounced,” the article said.
The article also stated that the issue is compounded by “the hidden economic costs of the pay gap”. Lower earnings for women, the article showed, reduced lifetime income, impacted savings for retirement and weakened the economic resilience of families.