ShareAction targets fund groups over GPGs and diversity failings - Reports

Sector has 'a particularly poor record on the gender pay gap'

UK asset managers are under fire for their disproportionately high gender pay gaps (GPGs) and the low numbers of women in senior positions.

Responsible investment charity ShareAction has quizzed Schroders, Man Group, Standard Life Aberdeen and Jupiter on how the firms plans to eradicate the disparity, according to the FT. Asset management gender pay gap 'worse than last year' Catherine Howarth, chief executive of ShareAction, said: "The asset management industry has a particularly poor record on the gender pay gap, and gender diverse investment teams produce better results for clients. We want to see the best decision-making." Legislation introduced in April 2017 requires UK companies with 250 or more employees to publ...