We use cookies to support features like login and allow trusted media partners to analyse aggregated site usage.
To dismiss this message and allow cookies to be used, please click "Continue".



Twitter board

Follow us
  • My week on Twitter 🎉: 1 Retweet, 2.63K Retweet Reach, 3 New Followers. See yours with https://t.co/mCw3VcMQGw https://t.co/78tC0GzGXxyesterday
  • Our cover story: CDC: A step into the unknown. Is CDC an unnecessary policy change when effort would be better spen… https://t.co/QGHfTkiPP24 days ago
  • Newton – Trend Setting: The Year Ahead in ESG ''We have seen notable client interest for sustainable products over… https://t.co/OoXVLJ1BMp4 days ago
  • Our Latest ESG feature: EM governance: Breaking through. ''Those calling for better governance in emerging markets… https://t.co/qk0vJpfpJL7 days ago
  • The February Issue is available online now! Our Cover Story - CDC: A Step in the wrong direction. Read more here:… https://t.co/8xwHL9Nd2z7 days ago
  • RT @AonRetirementUK: What do we expect to see in the #ESG market over the next 12 months? Read the results of the @portfolio_inst panel of…7 days ago
  • RT @PensionsSion: What are the pros and cons of building a global #equity portfolio? Find out by reading the @portfolio_inst Global Equitie…13 days ago
  • RT @AonRetirementUK: Outcomes delivered by employer pension schemes now depend more than ever on levels of engagement. Companies must creat…14 days ago
  • Our latest Roundtable: Cash-Flow Driven Investing is now live! Read more here: https://t.co/zBy7Gbiud9 https://t.co/KJTIgVssmG14 days ago
  • RT @BNPPAM_COM: 2017 was one of the most active hurricane seasons on record, causing up to USD 475 billion worth of damage. What are the in…26 days ago
  • RT @PensionsTony: At the Aon London #pensions conference. About to start my workshop on how well #DC schemes are meeting the needs of #memb…26 days ago
  • Andrew Wauchope talks to Mark Dunne about charities and their pension schemes, the secret of being a good trustee a… https://t.co/xcdcxs61QL26 days ago
  • Enter the Dragon : China’s inclusion in the @MSCI_Inc Emerging Market index has caused little excitement, but, as L… https://t.co/oy0EdSI6A828 days ago
  • The @InvescoUKinsti whitepaper: Responsible investing and active ownership. Invesco’s Bonnie Saynay and Henning St… https://t.co/E3Gdh9eDSM33 days ago
  • Charlotte Moore looks at the reaction of financial markets to Brexit has already changed the shape of the relations… https://t.co/6KH9jnWTtq33 days ago
  • RT @AonRetirementUK: Want to know more about the benefits of factor-based investing for your DB pension scheme? Aon’s next Investment Break…34 days ago
  • Learn more about why everyone is talking ESG on our new ESG HUB, where we will be publishing our latest features pl… https://t.co/Dg9FiwCPCn35 days ago
  • 2018: The year of the human?. Cyber crime, greater disclosure, fixed income, people and, of course, climate change.… https://t.co/HMkzWcrFNy35 days ago
  • ''Building a global portfolio of equities could also provide much needed diversification'', discover why in our Glo… https://t.co/y90GhLlmCD35 days ago
  • What is your stance on executive pay? is bigger really better? Read more in our new ESG feature:… https://t.co/cUXMiCDuE560 days ago


Asset managers need to improve diversity – report

Asset managers need to improve diversity – report

Mark Dunne
Tuesday 2nd May 2017

Aviva Investors has discovered a gap between rhetoric and reality when it comes to diversity in the board rooms and trading floors of asset managers.

In its latest environmental, social and governance (ESG) survey it spoke to 39 asset managers, which collectively have more than $4trn under management, to gauge their views and policies on diversity.

The survey found there is a need for improvement, especially when it comes to appointing women to senior roles.

Despite almost all of those questioned (92%) believing that diverse teams are more successful, only 82% monitor the diversity of their workforce.

It makes worse reading for those hoping that a belief in the merits of diversity is backed-up by policy. Those setting directives to support women in the workplace stands at around 70%, while respondents with policies supporting ethnic minorities and LGBT groups falls to 64%.

Only what Aviva describes as a “handful of respondents” have women making up at least 30% of their executive boards, while a “small number” have all male boards.

The problem is worse on the investment floor. Only 5% of those questioned said that at least 40% of their investment managers are women.

Three quarters of those surveyed do not have female recruitment targets, although more than half said that they have initiatives aimed at retaining women in their workforce.

Aviva Investors head of multi-manager research, Isabel Emo Capodilista, expects more financial institutions to set gender-related recruitment policies, pointing to the “growing evidence” that diverse teams positively influence investment performance as a catalyst.

Pay is another issue. In 2016, the gender pay gap for full-time workers in the UK was 9.4%, according to the Office for National Statistics. More than half of those taking part in the survey believe that pay for executives should be disclosed, but only 18% support company-wide transparency on pay.

This gap could narrow thanks to legislation. From April, companies with more than 250 employees have to publish the salaries they pay, so the pressure that follows those paying women less than men to do the same job could be a catalyst for change.


Leave your comment

View our comments policy

Please login or register with us to leave a comment. It's completely free!