2020: Covid-19 and Black Lives Matter force industry to refocus priorities

Business progress pointless without greater social awareness

This year, Covid-19 and the Black Lives Matter movement have resulted in a refocus of priorities in the investment management industry, not just as businesses but also as responsible employers. This refocus is in line with the purpose and ethos of Investment20/20.

With Covid-19, we are halfway through a second national lockdown in England, and well into the youth employment crisis. Recent research from the London School of Economics shows a staggering one in ten 16 to 25-year-olds have lost their job since the start of the pandemic - double the rate of those over 25 - and if that was not bad enough, 58% of young people have also experienced a fall in their earnings too compared with 42% across the rest of the working population. It is precisely because of this that the investment management industry must demonstrate to young people that their s...