Asset managers are failing to measure gender or ethnicity pay gaps

Willis Towers Watson study

Asset managers are failing to measure gender and ethnicity pay gaps and implement targeted diversity, equity and inclusion policies within their organisation, a new study has found.

The study by Willis Towers Watson called Diversity in the asset management industry - on the right track, but at the wrong pace analysed 407 asset management firms and over 1,500 investment strategies. While 80% of managers have a formal DEI policy, and 77% of managers have policies to support carers, parents and caretakers, the report found many other areas asset managers were lacking in. Only 42% of managers had measurable objectives in DEI policy, and only 40% are measuring the gender or ethnicity pay gap, while 38% measure the bonus gap. Hanneke Smits: 'It might take a genera...