April 4, 2018 / 12:58 PM / 18 days ago

FACTBOX-Investec, St James's Place among investors with widest gender pay gap

    By Simon Jessop and Ritvik Carvalho
    LONDON, April 4 (Reuters) - Britain's investment industry has released details of the
average gap in pay between men and women, as part of a government-mandated transparency drive.
    Similar to the country's leading banks and others in the financial services industry, asset
and wealth managers posted large gaps on both measures, with Investec Asset Management showing
the biggest gap on base salary and T. Rowe Price the biggest gap on bonus.
    Below is a list of large asset and wealth managers and the data as given to the government
and available on its website, or which was made available on the company's website. 
    The deadline for submission of the data is April 4 and the rules applies to all companies
with more than 250 staff.  
    
 Company Name     Mean       Mean Gender
                  Gender     Bonus Gap
                  Pay Gap    
 Investec Asset   48.8 pct   59.7 pct
 Management                  
 Investec Wealth  47.2 pct   82.3 pct
 & Investment                
 St James's       47.2 pct   80 pct
 Place                       
 Standard Life    47 pct     69 pct
 Investments                 
 Kames Capital    42.9 pct   63.7 pct
 Close Asset      41.1 pct   69.6 pct
 Management                  
 HSBC Global      40 pct     62 pct
 Asset                       
 Management                  
 Invesco          40 pct     84 pct
 Octopus Capital  38.1 pct   75.6 pct
 Jupiter Asset    38 pct     84 pct
 Management                  
 Aberdeen Asset   37 pct     67 pct
 Management                  
 T. Rowe Price    36.8 pct   86.1 pct
 Schroder & Co    36 pct     61 pct
 SEI Investments  35.4 pct   64 pct
 F&C Asset        34 pct     82 pct
 Management                  
 First State      33.7 pct   81.5 pct
 Investments                 
 M&G              33.2 pct   83.5 pct
 Wellington       30.7 pct   73.6 pct
 Management                  
 Hermes Fund      30.2 pct   63.1 pct
 Managers                    
 Blackstone       30 pct     75.4 pct
 AXA Investment   29.7 pct   71.9 pct
 Managers                    
 Columbia         29.1 pct   69.1 pct
 Threadneedle                
 Pictet Asset     29 pct     66 pct
 Management                  
 Insight          29 pct     66 pct
 Investment                  
 Old Mutual       29 pct     83 pct
 Global                      
 Investors                   
 Hargreaves       28.8 pct   71.8 pct
 Lansdown                    
 JP Morgan Asset  28 pct     66 pct
 Management                  
 Schroders        27 pct     75 pct
 Investment                  
 Management                  
 PIMCO            25 pct     56 pct
 Aviva Investors  23.8 pct   46.4 pct
 Fidelity         23.4 pct   69.1 pct
 International               
 Baillie Gifford  23.3 pct   55.6 pct
 Baring Asset     23 pct     56 pct
 Management                  
 Allianz Global   23 pct     48 pct
 Investors                   
 Man Group        21.4 pct   67 pct
 Legal & General  21 pct     54.6 pct
 Investment                  
 Management                  
 BlackRock        21 pct     69 pct
 Franklin         19.4 pct   34.8 pct
 Templeton                   
 Global                      
 Investors                   
 BlueBay Asset    19.2 pct   55.6 pct
 Management                  
 Winton Capital   18.2 pct   41.4 pct
 Management                  
 State Street     18.1 pct   54 pct
 Global Advisors             
 Newton           18 pct     48 pct
 Investment                  
 Management                  
 
 (Reporting by Simon Jessop
Editing by Alexander Smith)
  
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