Core Insights - A study by PensionBee and The Open University reveals a 'legacy gap' in retirement saving motivations between gay and straight men, despite similar savings amounts [1][2] - The research indicates that sexual orientation influences the reasons for saving, particularly among straight men who are more likely to save for future dependents [3][4] Summary by Sections Research Findings - The study analyzed data from over 28,000 UK retirement accounts and surveys of more than 1,300 PensionBee savers, concluding that sexual orientation does not affect total retirement savings but does influence saving motivations [2] - Straight men without children are more inclined to save for future dependents compared to gay men, although this gap narrows once men become parents or caregivers [3] Behavioral Insights - Social expectations regarding family formation impact men's financial planning and motivations, suggesting that future family considerations shape present saving behaviors [4] - The research adds a behavioral perspective to existing studies on wealth and sexuality, emphasizing the importance of understanding how personal relationships influence financial well-being [4] Financial Inclusion - The findings suggest that financial systems may unintentionally rely on heteronormative assumptions, potentially alienating non-traditional family structures [5] - Financial messaging that focuses on intergenerational wealth transfer may resonate more with straight savers, indicating a need for more inclusive communication strategies [6] Recommendations for Financial Services - The study calls for the financial services industry to modernize retirement education by recognizing diverse family structures and life goals, training professionals to understand varying savings motivations, and ensuring retirement communications engage all savers equally [9] - The research highlights the necessity of inclusive financial education and communication to better serve a diverse clientele [6][9] Company Overview - PensionBee is a leading retirement savings provider managing over $9 billion in assets and serving approximately 300,000 customers globally, focusing on simplicity, transparency, and accessibility [8]

New survey findings reveal how a lack of guidance contributes to abandoned rollovers and billions in stranded assetsNEW YORK, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Each year, up to 2 million old 401(k) accounts are automatically forced out of employer plans and placed into low-yield Safe Harbor IRAs, often without their owners’ knowledge. New sentiment data by PensionBee reveals that nearly two-thirds of Americans (63%) with left-behind 401(k)s are unaware that this practice exists or that it can derail retirem ...