The Society of Pension Professionals (SPP) has joined forces with Stonewall to publish a new paper calling for stronger inclusion of LGBTQ+ individuals across the UK’s financial and business sectors.
The collaboration, part of SPP’s Inclusive Futures series, highlights the persistent inequalities that continue to affect LGBTQ+ people despite decades of social and legal progress.
The report, featuring insights from Simon Blake (pictured), Chief Executive of Stonewall, and Savannah Adeniyan, Solicitor at Travers Smith LLP and SPP member, shines a light on the inequalities that still shape financial security, workplace culture and representation in senior leadership. It calls on pension providers, employers and policymakers to translate diversity pledges into measurable action.
Blake warns that while the UK has made significant strides since the late 20th century, “a clear picture of inequality remains which flows through to financial inequality and a LGBTQ+ pensions gap.” He points to data from ILGA Europe showing that Britain has slipped from first to 22nd place in European equality rankings over the past decade, reflecting a wider pattern of stagnation and regression.
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