Women working at UK asset managers receive bonuses that are as much as 70 per cent below their male colleagues in revelations that will pile pressure on a sector that has been branded “pale, male and stale” to tackle its wide gender pay gap.
According to initial data that companies have filed to comply with new UK rules, salaries for women working in the fund industry are up to 40 per cent less than those paid to men, while the gap on bonuses is up to 72 per cent.
Fund managers linked the difference in pay to the lack of senior women in their organisations, as well as more women working part-time.
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