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July 2022 | Fair point | abrdn Financial Fairness Trust Newsletter

04 Jul 2022

July newsletter

New grants announced

Our latest grants have just been agreed and include:

Institute for Employment Studies

An independent commission on the future of employment support, reviewing current provision including that provided by JobCentre Plus.

Maternity Action

Research and policy work to widen eligibility for and increase the rates of maternity, paternity and parental pay and maternity benefits.

Third Generation Environmentalism (E3G)

Coordinating campaigns, research and engagement to mitigate the cost-of-living crisis through warmer, energy efficient homes.

Scottish Women's Budget Group

Provide Scottish budget policy recommendations to support women on low-incomes cope with the cost-of-living crisis. 

Transport for All

Research assessing how disabled people experience applying and using concessionary transport schemes.

Glasgow Caledonian University

Develop a Lessons in Tackling Poverty Locally online directory of valuable practice.

University of Bristol (Personal Finance Research Centre)

Research to assess the financial wellbeing of disabled people. 

Loughborough University (Centre for Research in Social Policy)

Develop a Decent Living Index, which better reflects inflation changes for those on modest to low incomes.

Upcoming Events

How should the tax system treat pension saving?

Our CEO Mubin Haq is chairing a debate with the Chartered Institute of Taxation and The IFS on 5 July 2022 | 18:30 - 20:00 | The British Academy

Attend online or in-person here: https://ifs.org.uk/events/1960

 

Latest Podcast

The cost of living crisis

Mubin speaks to Helen Barnard of Pro Bono Economics and Joseph Rowntree Foundation on the current cost of living crisis. How are people coping? Has the government done enough? Who is hardest hit?

Listen here or wherever you got your podcasts.

In case you missed it, we discussed the imminent government review of the Gambling Act with Rob Davies and Matt Zarb-Cousin in our episode on gambling. Listen here.

 

Project in focus

The pandemic resulted in pay ratios falling, but our new analysis with the High Pay Centre indicates ratios are now increasing to new highs.

The latest report into pay ratios at FTSE 350 companies shows that cuts to executive pay during the pandemic led to a fall in the median CEO/median employee pay ratio across the FTSE 350 to 44:1 in 2020/21, down from 53:1 in 2019/20. The median gap between CEOs and their lower quarter employees fell to 59:1 from 71:1 in 2019/20.

However, early examinations of more recent disclosures indicate that pay gaps will widen again in 2022.

The report was covered extensively in the FT, BBC, Times and Telegraph, plus opinion pieces in the Guardian and the Scottish Herald

Read the summary or the report

Read the press release