Pensions - Articles - Research reveals unique pension needs of LGBTQ+


New research from Barnett Waddingham sheds light on how LGBTQ+ individuals are approaching retirement - highlighting distinctive challenges and opportunities that demand more inclusive financial planning and engagement approaches

 Key findings from The LGBTQ+ At Retirement Reckoning include:
 • LGBTQ+ individuals are more likely to be single and childfree, as they approach retirement
 • 73% of LGBTQ people would find a community focused on socialising set up by their pension provider helpful - showing a clear appetite for support that mitigates isolation.
 • The vast majority (93%) of LGBTQ+ individuals would seek advice for retirement - yet nearly 1 in 3 are unsure who to trust
 • Trans respondents show both high confidence (79%) in retirement income - often due to DB scheme access - and significant concern about longevity, with 38% not expecting to live past age 67.

 Based on a nationally representative survey of 5,000+, of which 11% were lesbian, gay, bisexual, asexual, pansexueal or queer - the research polls working UK adults with retirement intentions, urging pension providers and policymakers to evolve how they support diverse retirements not just in message, but in meaningful action.

 The LGBTQ+ At Retirement Reckoning Report

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