Gender Pay Gap Reports 2018: LGIM GPG increases despite improvements at group level

Figures for 2018 show sporadic and limited improvement

Asset managers are revealing their gender pay gap (GPG) figures for 2018 in keeping with legislation introduced in April 2017 that requires UK companies with 250 or more employees to publish their GPG on an annual basis in a move to tackle workplace discrimination.

LGIM L&G Investment Management's GPG widened in 2018, despite GPG figures for the wider parent firm narrowing for the same year. LGIM reported a GPG of 22.8% for 2018, larger than the 21.4% recorded in 2017, the first year groups had to report the figures. Meanwhile, L&G Group said its GPG dropped from 31.6% in 2017 to 29% last year. LGIM's bonus median GPG also increased from 55.2% to 58.3% but shrank for the wider business from 51.8% to 49.1%. The firm said the figures are a result of "having more men than women in senior and higher paid roles".  Emma Hardaker-Jones, grou...