IA reveals 38.5% gender pay gap

'Right thing to do'

The Investment Association (IA) has published its gender pay gap (GPG) figures, revealing a disparity of 38.5% in the average earnings of men and women on a mean basis, relative to men's salaries.

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. Although the IA is not required to publish its figures, with just 69 emplyees as at 5 April 2018, the trade body said that as a representative of the asset management industry, "we consider it the right thing to do to voluntarily publish our own gender pay gap when many of our members need to do so". Investment Association doubles female representation on board The gender pay gap in the financial services industr...