LGBT couples face higher costs when financial planning

Many LGBT couples face both private IVF and surrogacy costs

Sahar Nazir
clock • 2 min read

Same-sex couples are “disproportionately” affected by costly expenses that need to be factored into their financial goals and planning, according to St James Place (SJP).

The wealth manager has said that same-sex couples are more likely to be impacted by different mental health and wellbeing challenges and often face higher costs when it comes to financial planning, compared to their heterosexual counterparts. "As a same-sex couple, having a family is often more expensive. Whether you go down the in vitro fertilisation (IVF) or the surrogacy route, you have to factor this into your financial goals and planning," SJP LGBTQ+ network chair Emma Palethorpe said. LGBT Great founder and managing director Matt Cameron said: "If you want to go through surrogac...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Common language used by advisers triggers anxiety and distrust among retirees

Common language used by advisers triggers anxiety and distrust among retirees

Product-led communication one of the biggest drivers of mistrust

Laura Purkess
clock 01 April 2026 • 1 min read
Advisers: Are you even taking your own advice?

Advisers: Are you even taking your own advice?

Exploring the expenditure consolidation conversation

Nick Ryan
clock 25 March 2026 • 4 min read
CISI welcomes 76 Certified financial planners

CISI welcomes 76 Certified financial planners

Number of UK CFP professionals continues to rise

Sophia Panayi
clock 24 March 2026 • 1 min read