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

PFS's Pathway to the Profession project hits  500-member target

PFS's Pathway to the Profession project hits 500-member target

A third of new members are women

Sophia Panayi
clock 28 April 2026 • 2 min read
Feel Good Friday: One Four Nine Group raises £40,500 for charity partner

Feel Good Friday: One Four Nine Group raises £40,500 for charity partner

Firm picks three new charity partners for 2026/27

Professional Adviser
clock 24 April 2026 • 1 min read
Deal Dive: 2026 kicks off with a slower start

Deal Dive: 2026 kicks off with a slower start

Deals announced in Q1 2026

Isabel Baxter
clock 24 April 2026 • 3 min read