Jupiter admits firm 'must do better' as it reveals 38% gender pay gap

Equal diversity on board

Jupiter Asset Management has announced its gender pay gap of 38% as it seeks to increase the number of female fund managers and sales employees.

The average hourly pay gap at the asset manager was 38% while it rose to 84% for bonus pay.  Jupiter said this was 'slightly above the indicative average' of 34% for the financial services industry, based on data from PwC, and was skewed by the number of highly-paid male fund managers and sales employees. Earlier this week, Hermes announced its pay gap was 30% for salaries and 63% for bonuses.  Fewer than ten investment firms have disclosed gender pay gap as deadline looms When the fund management and sales divisions were removed from Jupiter's data, the salary pay gap fell to 1...