Fund Giants Big on Equality Struggle to Fix Gender Pay Gaps
- Asset managers’ pay inequality barely improves on average
- Gap widens at some firms including T Rowe Price, BlackRock
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The world’s largest money managers are clamping down on firms they’re invested in to make them narrow the gender pay gap, but are struggling to do the right thing by their own female employees.
Women working for asset management firms in the U.K. were paid about 26% less than male colleagues as at April 2020, according to the average result from some of the biggest companies that have reported the data ahead of a Tuesday deadline. That’s only marginally better than the 29% pay gap three years earlier when such reporting became mandatory in the U.K.