"Blake warns that while the UK has made significant strides since the late 20th century, "a clear picture of inequality remains which flows through to financial inequality and a LGBTQ+ pensions gap." He points to data from ILGA Europe showing that Britain has slipped from first to 22nd place in European equality rankings over the past decade, reflecting a wider pattern of stagnation and regression."
"The figures are stark: two-thirds of LGBTQ+ young people have faced discrimination based on their sexuality or gender identity, while hate crime reports have climbed to nearly 28,000 incidents a year. In the workplace, more than half of LGBTQ+ employees report experiencing harassment or bullying, and almost a third say they do not feel able to be open about their identity at work."
"Blake argues that the pensions and financial services sectors have a crucial role to play in addressing these systemic gaps. He urges employers to learn from LGBTQ+ history and lived experience, to ensure scheme information and communications reflect diverse family structures, and to make paperwork and policies genuinely inclusive. "This isn't just about representation," he writes. "It's about dignity""
The Society of Pension Professionals and Stonewall call for stronger inclusion of LGBTQ+ individuals across the UK's financial and business sectors. Persistent social and legal inequalities continue to produce financial insecurity and an LGBTQ+ pensions gap. Britain has fallen in European equality rankings, linking stagnation to widening economic disparities. Two-thirds of LGBTQ+ young people have faced discrimination and reported hate crimes approach 28,000 incidents annually. More than half of LGBTQ+ employees experience harassment or bullying and nearly a third conceal their identity at work. Pension providers, employers and policymakers must convert diversity pledges into measurable action and make communications, paperwork and policies genuinely inclusive.
Read at Business Matters
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