Reboot: Greater transparency needed for ethnicity pay gap reporting

Engagement from asset managers

Financial services campaign group Reboot has called on asset managers to become a “strong catalyst” for the adoption of ethnicity pay gap reporting.

At a roundtable hosted by Reboot, LGIM, State Street, Nest, Invesco, Schroders, Newton Investment Management and CIPD said transparency of company employee data is key to tackle racial inequalities within the workplace. Although there is no mandatory requirement to report ethnicity pay gaps, Reboot noted that engagement from asset managers on behalf of their clients can spark change and boost adoption. The group, however, highlighted the financial services industry itself also has to deal with issues on diversity. According to its latest Race to Equality in UK Financial Services repor...