Weekly outlook: Brexit plan B; SJP results; and gender pay
The key events for UK wealth managers this week
The key events for UK wealth managers this week
One lone female director reaps £18,500 at IPO
Percentage of women in senior roles at the regulator is unchanged from 2016
Industry body’s action plan sees gender pay gap almost halve
Two thirds of professional investors expect to allocate more money to ESG strategies in the next three years, Royal London Asset Management has found.
Man Group’s response to gender pay concerns has been described as underwhelming by Shareaction.
Old Mutual Global Investors CEO Richard Buxton has slammed the cost of predominantly male boards to shareholders as he blames a lack of diversity for poor corporate decision making.
Schroders has become the first asset manager to come under fire for its gender pay gap in AGM season, as a prominent activist tells others in the industry to prepare to face tough questions.
Jupiter CEO Maarten Slendebroek reiterated that future flows will be “less predictable” as Jupiter diversifies its business away from the UK market, while addressing the firm’s other issues like its gender pay gap.
Now that the first annual gender pay gap reporting period has come to a close, Portfolio Adviser takes a look back at the seven worst offending investment management firms.
Women at wealth management firms are worse off than their female counterparts at fund groups when it comes to remuneration, being paid 59p for every £1 men earn on average, compared to 70p for every £1 in the asset management industry.
Employers that fail to meet the deadline to disclose their gender pay gap could wind up in court, the Equality and Human Rights Commission has warned.