Asset management gender pay gap 'worse than last year'

Mean gap in the sector as high as 49%

The investment management industry must collaborate if it is to close its gender pay gap (GPG), which is expected to be "worse than last year", according to asset management diversity network City Hive.

Between now and April 2019 asset managers with more than 250 employees will publish their GPG figures for 2018, which will demonstrate the difference between the average earnings of men and women, expressed relative to men's earnings. Last year's figures revealed overall UK firms have a GPG of 14.5% and a mean gender bonus gap (GBG) of 15.1%, while some in the asset management sector reported mean GPG as high as 49% and GBG in excess of 80%. Two notable examples of asset managers that have already published their figures for this year are Quilter and AXA Investment Managers, which bot...