For the first time companies will have to publicly disclose details of the discrepancy between women and men, in both salary and bonus.
A poll of more than 500 FTfm readers last year found that 80 per cent believed transparency over the gender pay gap would improve equality for women in the fund industry.
According to Emolument, the salary benchmarking site, the gender pay gap across the UK’s asset management industry is 27 per cent, with men earning a median £93,000 compared with £68,000 for women, based on data from 10,000 fund company employees. This compares with an 18 per cent gap nationally, according to the Office for National Statistics, which falls to 9 per cent for full-time employees.
Of the men who provided their salary information to Emolument, 59 per cent believed there was a gender pay gap in the industry, compared with 79 per cent of women.
FTfm is compiling an interactive list of UK asset manager responses as the companies report their data to enable industry workers to compare their employers with peers.
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