LGBT+ adults lack confidence in financial services industry

The community were twice as likely to disagree that they have confidence

Isabel Baxter
clock • 2 min read

LGBT+ adults were almost twice as likely to disagree that they have confidence in the UK financial services industry, according to the Financial Conduct Authority’s (FCA) Financial Lives Survey.

This was at 44% compared with 25% of adults who do not identify as LGBT+. The community were more than twice as likely to ‘strongly disagree' that they have confidence (20% vs. 9%, respectively). In the report, the FCA noted that this difference may be driven by demographic factors. Younger adults in the survey were more likely to identify as LGBT+, and they were more likely to have lower levels of confidence in the UK financial services industry. However, LGBT+ adults overall had lower levels of confidence in the industry than adults who do not identify as LGBT+, even when comp...

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

Supporting high-net-worth families through conflict

Supporting high-net-worth families through conflict

'Advisers need to understand the emotional weight that accompanies the numbers'

Richard Montague
clock 26 May 2026 • 5 min read
Advisers say sustainable investing is set for a comeback – research

Advisers say sustainable investing is set for a comeback – research

Some 36% say sustainable investing is currently in favour

Sophia Panayi
clock 26 May 2026 • 3 min read
News editor's view: Let's give it up for the small advice firms

News editor's view: Let's give it up for the small advice firms

The news editor's Friday Night Takeaway from 22 May

Isabel Baxter
clock 22 May 2026 • 4 min read