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".

Continue

News/Analysis

Twitter board

Follow us
  • RT @PensionsSion: Portfolio Prepared? Join us and @portfolio_inst on 4th July 2018 to hear presentations on latest investment trends, helpi…yesterday
  • RT @csgmoore: My latest feature for @portfolio_inst where I use the USS crisis to explain everything you wanted to know about valuing defin…yesterday
  • RT @JohnRalfe1: @csgmoore @portfolio_inst Very good piece #USSyesterday
  • RT @eVestment: How is interest in #realestate impacting the #UK pension business? @portfolio_inst has a look https://t.co/1w82Kz4o6Vyesterday
  • Karen Shackleton @MJHudsonCorp #SRI implementation as part of risk management is mainstream now @portfolio_inst #SRI Roundtableyesterday
  • John Olsen: "A key strength of the British asset management industry is now asset managers get together and work on… https://t.co/ADtXBGga0qyesterday
  • Discussing investment challenges at the @portfolio_inst #SRI Roundtable with @esmeefairbairn @AonHewitt… https://t.co/r1iYOrYeloyesterday
  • Lively debates at the @portfolio_inst #SRI Roundtable https://t.co/9j0ajME8Ztyesterday
  • John Olsen, fund manager: "Industry wide frameworks on #SRI can kill a lot of constructive dialogue" @MandGcareeers @mandgprofyesterday
  • Tim Manuel @AonHewitt: Challenge with passive #SRI investing - your outcomes could be completely different dependin… https://t.co/U1OjPYqd2syesterday
  • Wim van Hyfte: Short term benchmarking is a huge challenge to #SRI investing which should be more long-term oriented @candriamyesterday
  • Wim van Hyfte, global head of responsible investments and research @candriam : I'm not sure we need a universal def… https://t.co/qvYRbFglf3yesterday
  • Tim Manuel, UK head of responsible investment @AonHewitt: "The best way to progress the discussion on ESG is to foc… https://t.co/hCSwTi55Qqyesterday
  • James Brooke Turner, investment director, @NuffieldFound :"It is no longer acceptable to make money at any price"… https://t.co/vUKTy2ENcYyesterday
  • Beatrice Hollond, trustee at @esmeefairbairn Foundation says overall, pension funds should be responsible investor… https://t.co/4UZcRdjxF5yesterday
  • Our Responsible Investment round table is kicking off, featuring @esmeefairbairn @AonHewitt @MandGCareers… https://t.co/81pUdO6DBYyesterday
  • Beatrice Hollond: "When we started the #ESG focus was very much on smaller funds, we now implement it as part of ou… https://t.co/YyNm9OUoFsyesterday
  • Karen Shackleton @MJHudsonCorp "I can easily see pension funds applying ESG in all equity and bonds investments, th… https://t.co/Fiv4xmbrPKyesterday
  • Tim Manuel @AonHewitt "the benefit of divestment is that is very easy to implement, #ESG engagement requires a much more nuanced approach"yesterday
  • Beatrice Hollond @esmeefairbairn #ESG Engagement with boards can have a deeper impact over time "yesterday

Pensions

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.

0

Leave your comment

View our comments policy

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