Disability significantly impacts pension participation

Only 58% of people who say they have a disability have a pension pot

Isabel Baxter
clock • 1 min read

Disability significantly impacts participation in pensions, Interactive Investor’s Great British Retirement Survey 2023 has revealed

The study found 58% of people who say they have a disability that affects them significantly have any pension pots, compared with 82% of non-disabled people of working age. Pension expectations are lower as well, the survey found. These go down from £23,200 for non-disabled people to £18,400 among all with a disability. Overall, the study said there was a 12% percentage point gap in pension participation between people who have any kind of disability and those who do not - 70% versus 82% "As a disabled woman on state benefits, working 19 hours a day as an unpaid carer for my severe...

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 Pensions

L&G becomes first pension provider to complete dashboards ecosystem connection

L&G becomes first pension provider to complete dashboards ecosystem connection

Provider finalised its connection to the ecosystem today

Holly Roach
clock 17 April 2025 • 1 min read
How public sector pensions impact divorce proceedings

How public sector pensions impact divorce proceedings

'The ripple effects of the McCloud Remedy continue to be felt in divorce proceedings'

Vanessa Gardiner
clock 15 April 2025 • 5 min read
Pension freedoms and lessons from Down Under

Pension freedoms and lessons from Down Under

How the UK can build a more 'robust and supportive' system

Verona Kenny
clock 09 April 2025 • 4 min read