Analysing data from over one hundred asset managers globally, Redington has published its latest Responsible Investment Survey covering ESG integration, climate change and wider diversity and inclusion initiatives. Amongst its findings it reveals that almost half of the participating investment managers fail to take diversity into account when analysing potential investments, 60% failed to report their gender pay gap last year and two-thirds have less than 25% female representation on their investment teams. Click here to read the full report.
Fidelity shares their findings from a case study they undertook with Timewise (in partnership with The Diversity Project) to look at how they can ensure better flexible working practices across the firm. The focus on work/life balance within the asset management industry continues.
A key part of mental health awareness is sharing stories. Lutyens Advisory discusses mental health awareness across financial advisory in its latest LinkedIn thought piece.
As the future of many businesses remains unclear in the wake of the pandemic, The Diversity Project’s Build Back Better report offers leaders valuable insights on how to reshape the future of the investment industry.
The Sutton Trust has released its latest report, Social Mobility in the Work Force. It provides a deep-dive analysis of how to improve socio-economic diversity, covering key issues and best practice advice surrounding hiring and retention.
In light of the coronavirus pandemic, Lutyens Advisory discusses new tailwinds in ESG hiring in its latest thought piece.
The Diversity Project has published its 2020 Manifesto outlining its key priorities enabling it to achieve the goal of recruiting, nurturing and retaining the first truly diverse generation of savings and investment professionals.
PLSA’s recently published Diversity & Inclusion Made Simple Guide, sets out robust and compelling evidence as to why pension scheme stakeholders should aim to achieve greater D&I and the irrefutable advantages of doing so for all.
Lutyens Advisory’s observations on current hiring amid the coronavirus outbreak has been published in the Financial Times. Click here to access the article.
Oliver Wyman explores how the financial services industry can consolidate and build on the steps already taken to improve gender diversity in Women in Financial Services 2020, focusing on what is possible when gender balance becomes more than a quota or KPI and is central to purpose, customer service, business strategy and brand.
The World Economic Forum has published its Global Gender Gap Report 2020 exploring key findings across a variety of industries. The index’s rankings offer an effective means to benchmark progress. They are designed to create global awareness of the challenges that gender gaps pose, as well as the opportunities that emerge when action is taken to reduce them.
The fourth Hampton Alexander review celebrates progress at board level as female directors are reported to represent almost one third of FTSE100 boards (32.4%, up from 30.2% in 2018). However, there is still work to do. The review explores the remaining challenges resulting in a lack of women in senior executive positions (around two thirds of all available roles are still going to men) across the FTSE100.
The CIPD and Westminter Business School publish Diversity Management That Works: an evidence based review exploring the effectiveness of D&I training and intervention.
The Pensions Regulator highlights the importance of diversity within the pensions sector, particularly on trustee boards (83% of trustee boards are male and only 3% are under 40) in its recent consultation The Future of Trusteeship & Governance. This builds on the work of initiatives such as The Diversity Project, NextGen Now and the Young Pensions Trustee Network.
Girls Are Investors (GAIN) was founded in 2019 and inspires young women to pursue careers in asset management. Co-founder and Diversity Project member Charlotte Yonge talks to Investment Week about some of the key issues surrounding gender diversity in asset management. Click here to read the full article.
One of five of the biggest barriers in gaining wider diversity in the asset management space is the loss of performance continuity through a leave of absence. In consideration of this (and informed by New Financial’s recently published report Diversity in Asset Management) The Diversity Project has released guidance for asset owners, asset managers and industry consultants wanting to address this issue. Click here to see its findings.
As the Bank of England’s Andy Haldane says the UK is on track to be working a four day week, click here to read Investment Week’s exploration into whether tech and other flexible working strategies might enable this to be a reality for the asset management industry.
VC funds fall short in diversity and inclusion policies. Across a survey of 171 VC firms, Diversity VC reported that almost half of professionals in the industry were unaware of their company’s policy. 60 % of VC funds do not have a D&I champion in their funds. Click here to read the report.
With the number of British BAME board directors flatlining over the last year, evidence suggests Britain’s biggest private, public and third sector organisations are making little progress in appointing more ethnic minority leaders to their boards, despite a wealth of candidates. Click here to read more.
Mitesh Sheth, CEO of Redington says that changing company culture is like “quitting smoking”. Click here to read how he has been transformative in changing the culture and diversity within the business (which can be seen from the significant fall in the gender pay gap from 21.6% in 2017 to 0.2% in 2018).
Lutyens Advisory discusses gender diversity in The Diversity Project’s May 2019 e-newsletter:
Click here to learn more about The Diversity Project and to sign up to its quarterly e-newsletter.
Click here to follow upcoming events hosted by 100 Women in Finance.
Lutyens Advisory is proud to be a member of The Diversity Project. Click here to find our more.
Morningstar explores whether there is a rational explanation for the lack of women in the fund management industry and whether performance differences between managers is driven by gender. Click here to read the report.
The CFA Institute has released Driving Change: Diversity & Inclusion In Investment Management, a guide examining the current state of the industry and which outlines 20 actions to encourage more diverse and inclusive workplaces, to ultimately achieve better outcomes for investors. Click here to read the guide.
The Hampton-Alexander Review is an independent review body which builds on the work of the Davies Review to increase the number of women on FTSE 350 boards. The annual review has a joint focus to improve women’s representation at board level and in senior leadership positions two layers below the board and continues to adopt a voluntary business-led approach. Click here to read the most recent report from November 2018.
The CFA Institute carried out a survey in consultation with finance scholars Renée Adams, Brad Barber, and Terrance Odean to uncover some of the underlying causes of gender disparity in investment management. To read the executive summary of their findings click here.
PwC’s Annual 21st Global CEO Survey: 43% of asset and wealth management CEOs have said they are planning to increase scale and enter new markets via M&A or strategic alliances with other groups. Click here for the full survey.
The need for cultural change in financial services – click here to read the FCA’s March 2018 discussion paper.