Quilter gender pay gap stagnates as 'more needs to be done'

Median gender pay gap remains flat at 29%

Mike Sheen
clock
Quilter CEO Paul Feeney
Image:

Quilter CEO Paul Feeney

Quilter's median gender pay gap has remained close to levels reported last year of 35% as the firm acknowledges "more needs to be done" to address income inequality.

The firm reported some success with its mean gender pay gap falling four percentage points, from April 2017 to 35% as at April 2018, and its median bonus gap falling two percentage points from 41% to 29% over the same period. What did this investment firm do to eradicate its gender pay gap? Just 0.5 percentage points more women received a bonus than at the same time last year, rising to 85.6%, while 84.8% of men received a bonus compared to 83.3% in 2017. Within first quartile earners, 28% of women received a bonus compared to 25% the year before, while the second quartile saw a fa...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

Industry Voice: Multi-asset managers highlight diversifiers for troubled times

Industry Voice: Multi-asset managers highlight diversifiers for troubled times

Katrina Lloyd @ Investment Week
clock 17 August 2022 • 6 min read
FCA accused of 'hanging investors out to dry' in Panorama documentary

FCA accused of 'hanging investors out to dry' in Panorama documentary

Focus on Blackmore Bond collapse

Jenna Brown
clock 17 August 2022 • 2 min read
Partner insight: Out of the wilderness

Partner insight: Out of the wilderness

Solving the problem of inertia in cash gives opportunities to both advisers and their clients, say Flagstone's Claire Jones and Grovewood Wealth Management's Lynne Gadsden.

Lynne Gadsden @ Flagstone
clock 11 August 2022 • 1 min read
Trustpilot