Gay elderly more likely to rely on private pensions: Stonewall

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Lesbian, gay and bisexual people are far more likely to rely on personal and occupational pensions than their heterosexual peers, research from LGB equality group Stonewall says.

According to Stonewall's LGB in Later Life survey, LGB people are more likely to have plans in place to meet their financial needs later in life, and they are more likely to remain in work until after the age of 70 than heterosexual people. A majority of 84% of gay and bisexual men and 79% of lesbian or bisexual women said personal or workplace pensions will be an important part of their future income, compared to 73% of heterosexual men and 58% of heterosexual women. By comparison, heterosexual people are far more likely to cite financial support from a partner as an important source...

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