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IA Issues DEI Report for UK Investment Management Sector

The Investment Association (IA) and WTW’s Thinking Ahead Institute have published a diversity, equity and inclusion (DEI) data report for the UK’s investment management industry. The EDI Data Survey offers a diversity data collection overview that includes a demographic snapshot of the industry’s workforce. It also examines the use of data in informing DEI strategies with the target of boosting inclusivity and attracting and retaining diverse talent in the industry. The report found 96% the sector’s firms collect data on two or more attributes and 71% collect against four or more attributes, with age, gender and ethnicity having the highest response rates. It also said that 33% of firms have indicated plans to start collecting data on socio-economic background, caring responsibilities and neurodiversity. Karis Stander, Director of Culture, Talent and Inclusion at the IA, said: “Data is the backbone of creating and implementing an effective EDI strategy. It offers the best possible opportunity to drive change by informing allocation of resources, evaluating the success of initiatives and progressing current and future diversity and inclusion plans. I hope that this survey will provide a useful benchmark as firms continue on their diversity journeys.” 

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