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

From the annual review to the 'always on' adviser/client relationship

From the annual review to the 'always on' adviser/client relationship

'Regular reviews will still play an important role, but clients' lives do not follow a servicing calendar'

Tessa Lee
clock 28 July 2026 • 4 min read
Number of British millionaires drops to lowest level since 2008

Number of British millionaires drops to lowest level since 2008

Estimated number of 442,000

Sophia Panayi
clock 28 July 2026 • 3 min read
Tessa Lee: The invisible cost of poor client data

Tessa Lee: The invisible cost of poor client data

How can you improve data quality?

Tessa Lee
clock 23 July 2026 • 4 min read