September 2026
04Sep

Subjective Financial Literacy and Retirement Planning

By Weiqiang Tan & Jingbo Wu This research uses data from the National Financial Capability Study to investigate how subjective financial literacy (FL) influences retirement planning behaviors. Through a probit model, we establish that subjective FL have significant positive effects on three common retirement planning behaviors. When analyzing how subjective FL affects retirement planning, we find that retirement savings estimation partially mediates the relationship between subjective FL and the opening of retirement accounts. In addition, we find that the effect...

September 4, 2026
Articles, Pension design, , , ,
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August 2026
12Aug

Ghana. GH¢35.5 Billion in SSNIT Assets: What Does It Mean to the Pensioner?

Assets Under Management Do Not Pay the Bills In financial terminology, Assets Under Management (AUM) represents the total market value of the equities, government securities, real estate, and commercial holdings that an institution manages. It measures organizational scale, balance-sheet footprint, and capital accumulation. But an impressive AUM is a measure of portfolio size, not a measure of social protection. For the vast majority of SSNIT’s roughly 240,000 pensioners, around 80% of whom receive monthly payouts hovering around GH¢1,000, and thousands more...

August 12, 2026
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11Aug

South Korea’s National Pension Service Grapples with Worsening Talent Shortage; Only 18 Hires for 26 Openings

The National Pension Service (NPS) Fund Management Division's experienced hire recruitment drive, which began in April, concluded last month, falling significantly short of its hiring targets. The division aimed to recruit 26 professionals but ultimately hired only 18. This outcome has intensified concerns over a worsening talent shortage at the division, which requires highly specialized personnel. According to ALIO, South Korea's public institution management information system, on the 11th, the NPS selected a total of 18 final candidates in its...

August 11, 2026
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10Aug

Ghana. GNA, SSNIT deepen collaboration on pension information

The Ghana News Agency (GNA) and the Social Security and National Insurance Trust (SSNIT) have agreed to deepen collaboration on pension information. The partnership will focus on improving public education on pensions and retirement planning, particularly among young workers, rural communities and the informal sector, while countering misinformation and disinformation. Mr Albert Kofi Owusu, General Manager of GNA, made this known when he led a delegation from the Agency on a courtesy call on SSNIT in Accra. He said the visit was...

August 10, 2026
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July 2026
24Jul

Transductive infrastructure: The role of ICTs in the UK and EU’s policy initiatives on financial literacy

By Jing Wang & Jiuheng He Information and communication technologies (ICTs) have become central to public-facing policy programs, yet they remain undertheorized, only treated as either instruments or objects of such policies. This paper argues that ICTs in such programs operate as transductive infrastructures, a delivery chain not only transmitting policy information but also defining the intentions and consequences of the stakeholders. Through a comparative analysis of three recent financial literacy initiatives: the UK's Money and Pensions Service, the European...

July 24, 2026
Articles, System Characterization, , , , ,
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May 2026
15May

Studying the Psychological and Financial Aspects of Retirement Planning

By Sneha Mishra, Manyata Dua, Harji singh Malhotra & Dhawal Agrawal Social and economic changes associated with retirement influence the lives of both individuals and families. The authors conduct research to study retirement planning obstacles by evaluating how financial literacy combines with psychological aspects together with population-based  variables. A critical challenge emerges from the retirement consumption problem which causes  household spending to decline when the main breadwinner exits the workforce. Financial  preparedness for retirement is examined through the research of...

May 15, 2026
Articles, Savings, , ,
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April 2026
17Apr

Opt-in or Opt-out? The Power of Defaults in Pension Enrollment Choices

By Tabea Bucher-Koenen, Luisa Wallossek & Joachim Winter Default settings strongly increase pension enrollment, especially when savings incentives are high and choices are complex. We show that the effect is weaker when incentives are low, options are simple, and opting out is easy. We study the nationwide introduction of auto-enrollment for lowincome employees in Germany's public pay-as-you-go pension system. We find that automatic enrollment raises participation by 23 percentage points, though most individuals actively opt out. Linking administrative and survey data...

April 17, 2026
Articles, Pension design, , , ,
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10Apr

Opt-in or Opt-out? The Power of Defaults in Pension Enrollment Choices

By Tabea Bucher-Koenen, Luisa Wallossek & Joachim K. Winter Default settings strongly increase pension enrollment, especially when savings incentives are high and choices are complex. We show that the effect is weaker when incentives are low, options are simple, and opting out is easy. We study the nationwide introduction of auto-enrollment for low-income employees in Germany's public pay-as-you-go pension system. We find that automatic enrollment raises participation by 23 percentage points, though most individuals actively opt out. Linking administrative and...

April 10, 2026
Articles, Pension design, , ,
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February 2026
23Feb

UK. Research finds gap between pension holders’ investment beliefs and knowledge

Pension holders believe it is important to know where their pension is invested but few actually know what their money is funding, research from Nest Pensions has shown. The workplace pension scheme found that 83 per cent of UK pension savers thought it was important to understand where they were invested, but just 24 per cent actually knew. Nest stated that this gap mattered as people missed the fact their pension was “one of the most powerful” financial tools they have...

February 23, 2026
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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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