Asset managers are failing to measure gender or ethnicity pay gaps

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...