Time to take 'bolder approach' as asset management gender pay gap continues to rise

PwC and Diversity Project publish latest report

A report compiled by PwC in association with the Diversity Project has revealed that the gender pay gap in the investment management sector has continued to grow, making it the second worst of the 22 sectors reviewed.

Over the first two years of mandatory reporting, the sector recorded an 0.8% increase in the average mean gender pay gap, the second worst result behind the 1% rise reported by the education sector. Of the five sectors with the highest gender pay gaps - banking, investment management, insurance, real estate and travel - investment management was the only one to see no improvement, reporting a mean gap of 31% (second only to banking at 32%). Though the key reason for this is the disproportionate number of men in the highest paid roles, the report also highlights the fact investment man...