Initial reports reveal massive gender pay gap in UK companies
The gap in pay between male and female employees in the UK is as high as 36%, according to pay reports released by a handful of companies, ahead of a new law mandating such disclosures. Financial firm Virgin Money and fund house Schroders reported average pay gap of 36%, and 31%, respectively. (Independent)

JP Morgan tops ranking of overseas fund houses in China
JP Morgan Asset Management tops the list of best performing overseas money managers in China, according to a new study by Shanghai-based Z-Ben Advisors. The fund management arms of UBS, HSBC and Invesco have been ranked second, third, and fourth, respectively, out of 100 investment firms operating in China. (FT)