Gender pay gap reporting falls as asset managers unveil mixed results

More than 1,000 fewer firms reveal figures

The number of firms in the UK reporting their Gender Pay Gap (GPG) figures by the deadline has fallen by more than a thousand, amid claims firms have restructured businesses or transferred staff to avoid being obliged to report, or have ditched reporting altogether under the perception they will not face repercussions.

At the time of Investment Week going to print (4 April), 8,854 firms had reported their 2018/2019 data for the deadline of the same date, down from 10,560 in the previous year. Gender Pay Gap Reports 2018: LGIM GPGincreases despite improvements at group level According to Investment Week analysis, the number of asset and wealth management entities that reported in the previous year fell from 35 to 32. Legislation introduced in April 2017 requires UK companies with 250 or more employees to publish their GPG on an annual basis in a move to tackle workplace discrimination. The GPG ...