June 2026
01Jun

UK. Around one in eight young adults feel pension engagement is ‘pointless’

Around one in eight (12 per cent) young adults, equivalent to approximately 2.2 million people, feel engaging with their pension is pointless because they will never be able to retire, research from People’s Pension has shown. It described this group as ‘Nerds’ – the Never Ever Retiring Demographic – and warned the industry was failing to connect with them. The research found that 47 per cent of young adults aged 18 to 27 were not engaged with their pension, and 12...

June 1, 2026
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May 2026
22May

Pension Policy Preferences: Beliefs about Others

By Carmen Sainz Villalba This paper studies the relationship between preference for government regulation on pensions both for the respondent and for the population as a whole. We conduct a survey experiment where we provide information on own characteristics and on characteristics about individuals in other income brackets to assess the impact on the preferences for themselves and others. We find that respondents who overestimate the pension coverage for low income earners are more likely to want less regulation for...

May 22, 2026
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April 2026
29Apr

Gambling for Retirement: The Economics of Savings Lotteries

By Jared Gars, Justin Holz, Rodemeier & Juan Miguel Villa Governments frequently use lottery-like incentives to encourage socially desirable behavior ("Pigouvian lotteries"). We study lotteries that encourage retirement savings in a nationwide field experiment with over 380,000 participants in Colombia's public pension system. Lotteries increase savings during the qualification period, but this effect is almost entirely offset by subsequent declines in savings, as workers strategically shift the timing of deposits. Lotteries also crowd out demand for valuable life and disability...

April 29, 2026
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February 2026
06Feb

Multidisciplinary Pathways to Retirement Financial Literacy: An Experimental Comparison of Gamified and Infographic Interventions

By Chrizaan Grobbelaar & Liezel Alsemgeest Due to population ageing and a decline in the working-age population, retirees can no longer rely on government support in retirement, making financial literacy even more important for society to plan for retirement. The current low financial literacy levels globally are evident in the vast number of retirees retiring unprepared. Educating a society on the basics of financial literacy is not enough for them to make sense of pension rules, tax implications, or make...

February 6, 2026
Articles, Pension Management, , ,
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October 2025
31Oct

Behavioral Biases of Financial Planners: The Case of Retirement Funding Recommendations

By Vishaal Baulkaran & Pawan Jain We examine whether financial planners display common behavioral biases and whether these biases affect their recommendations for various home equity release options to fund retirement income. First, we show that different factors explain different behavioral biases. Second, we show that different behavioral biases affect financial planners’ comfort level and recommendations for various options to fund extra income during retirement. For instance, female planners, planners with advanced degrees and those from non-bank institutions display less...

October 31, 2025
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17Oct

What could effective pensions engagement look like?

By Pensions Policy Institute This report is primarily focused on the Defined Contribution (DC) landscape, in which engagement and active choice play a greater role, in comparison to Defined Benefit (DB). DC provides an increasing proportion of UK pension provision, with private sector DB provision in decline. As a result, DC savers will make up the majority of future retirees, and even among those with DB entitlement, many will also have some DC savings as a result of increased job...

October 17, 2025
Books, Books, Pension design, Reports, , , ,
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17Oct

Research and analysis. Lessons on pensions engagement

By Department for Work & Pensions This report summarises research exploring consumer engagement and ways to increase public engagement with private pensions in the UK. It brings together findings from a rapid review of publicly available literature with intelligence from 6 expert interviews across the UK, Western Europe and Israel. This provides new insight and understanding into some of the factors influencing pensions engagement. The research highlights areas for further research and could be expanded in the future by seeking...

October 17, 2025
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August 2025
25Aug

South Korea:New strategy to encourage young citizens to enrol in national pension system

The South Korean government is promoting a new policy called first-time youth national pension by supporting three months of insurance premiums for youth turning 18 years old when they first enrol in the national pension. According to the ministry of health and welfare the three months of premium payment support will be available to those between 18 to 26 years of age entering the scheme for the first time. The policy will apply to those who turn 18 in 2027....

August 25, 2025
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May 2025
30May

Annual survey on financial incentives for retirement savings. Country profiles 2024

By Organisation for Economic Co-operation and Development Countries provide financial incentives to encourage individuals to save for retirement in asset-backed pension plans. Financial incentives for retirement savings can take the form of tax incentives, which are indirect subsidies through the tax code, or non-tax incentives, which are direct government payments into pension accounts. This annual survey provides an overview of the tax treatment of retirement savings and covers non-tax incentives to promote retirement savings in OECD countries and four accession...

May 30, 2025
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February 2025
07Feb

Smaller than We Thought? The Effect of Automatic Savings Policies

By James J. Choi, David Laibson, Jordan Cammarota, Richard Lombardo & John Beshears Medium- and long-run dynamics undermine the effect of automatic enrollment and default savings-rate auto-escalation on retirement savings. Our analysis of nine 401(k) plans incorporates the facts that employees frequently leave firms (often before matching contributions from their employer have fully vested), a large percentage of 401(k) balances are withdrawn upon employment separation, and many employees opt out of auto-escalation. Steady-state saving rates increase by 0.6% of income due to automatic enrollment and...

February 7, 2025
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