Parts of the asset management industry are "paying lip service" to gender diversity, with almost half failing to assess the issue when researching potential investments and nearly two-thirds not reporting their gender pay gap in 2019, according to new research.
Despite three-quarters (77%) of asset managers saying they measure gender diversity internally, 47% said they do not factor the issue in when researching potential investments, a survey from investment consultant Redington shows. Further, two-thirds of investment management firms have less than 25% female representation on their investment teams, while 60% did not report their gender pay gap last year. Investors up pressure on FTSE bosses' pensions in 'unprecedented AGM season' Despite that, 58% of those surveyed claimed gender diversity was an important contributor to their succes...
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