Pensions inequalities: In light of the UK's sizeable ethnicity pensions gap, what can help those currently slipping through the net?
How big is today’s ethnicity pensions gap – and what is the solution?
From the social and health impacts on front-line staff during the pandemic to the economic burdens lower paid workers face now, the upheaval of the past few years has had vastly different effects across society.
Ethnicity remains one of the major fault lines for inequality in 2023. We know that disadvantage stretches beyond the workplace and into retirement. Our latest research aims to quantify the impact of the turmoil, and to examine ways we can begin to tackle it.
Source: LGIM, Humankind Research and Tapestry Research, November 2022 to December 2022. Survey of 2,018 nationally representative UK adults with quotas set on age, gender, location and ethnicity. We then boosted our sample with 2,000 additional minority ethnic respondents. Minority ethnicities include both British and non-British nationals.
As a provider with one of the largest number of scheme members in the UK, we bring you fresh insights into what workplace savers think about pensions and retirement.