Some asset managers 'paying lip service' to gender diversity issues

Two-thirds did not disclose gender pay gaps

Parts of the asset management industry are "paying lip service" to gender diversity, with almost half failing to assess the issue when researching potential investments and nearly two-thirds not reporting their gender pay gap in 2019, according to new research.

Despite three-quarters (77%) of asset managers saying they measure gender diversity internally, 47% said they do not factor the issue in when researching potential investments, a survey from investment consultant Redington shows. Further, two-thirds of investment management firms have less than 25% female representation on their investment teams, while 60% did not report their gender pay gap last year. Investors up pressure on FTSE bosses' pensions in 'unprecedented AGM season' Despite that, 58% of those surveyed claimed gender diversity was an important contributor to their succes...