Huge ethnicity pension gap revealed in UK figures

Shortfalls fuelled by misconceptions and distrust of employers, as well as lack of spare income, figures showA UK individual from a minority ethnic background typically has a pension pot less than half the size of that belonging to the average white British saver, data reveal.The research from Legal & General’s investment arm claimed there was a sizeable “ethnicity pensions gap” in the UK that was being fuelled by “misconceptions” around pensions and a “significant distrust of employers”, as well as a lack of spare income.