Closing the gender pay gap requires changing a system that has clearly fallen short

Figures are still disappointing

Every year, the publication of the gender pay gap data is disappointing for those of us working to improve the representation of women in fund management.

This year, despite a six-month grace period, was sadly no different. The latest reports show that the investment industry has made only modest progress since mandatory reporting first started in 2017. That is despite having some of the widest pay gaps of any sector. It is hard to work out trends from the government's website so I did a simple analysis. It was a sobering exercise. The latest bonus gaps are as high as 80% (yes, women earning just 20p on average for every £1 in men's bonuses) and some firms have gone backwards. Overall, there has been some improvement. The me...