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

Back to Index


Similar News to this Story

FCA propose new interactive digital pension planning tools
Alongside targeted support proposals, the FCA also launched a Consultation Paper containing a package of proposals to help consumers navigate their fi
Building resilience in derisking strategies for DC members
The traditional model of derisking defined contribution (DC) pension schemes into default investment strategies is increasingly out of step with how t
7% of employers see salary sacrifice change making an impact
30% of schemes currently pass some or all of NIC savings to members. 13% of schemes believe it’s highly likely they will need to review current pensio

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.