Young People and Attitudes towards Pension Planning
ثبت نشده
چکیده
There has been much concern about people not saving enough for retirement in the UK and how to encourage further saving. This has led to pension policy developments, including the introduction of auto-enrolment, a form of ‘soft’ compulsion, to ‘nudge’ people to save. Given that young working age cohorts have longest to contribute to pensions and have traditionally been least likely to save for retirement, it is important to investigate their attitudes and expectations in relation to pensions and the potential effects of auto-enrolment on their future retirement income. This study utilises the findings of thirty interviews with young people aged eighteen to thirty about their opportunities and attitudes towards pensions, and identifies a variety of factors which affect pension contributions, including knowledge and advice, trust andmyopia. It then focuses explicitly on auto-enrolment before concluding that if auto-enrolment is to succeed, people need to be reassured beyond doubt that it ‘pays to save’.
منابع مشابه
Young People and Attitudes towards Pension Planning
There has been much concern about people not saving enough for retirement in the UK and how to encourage further saving. This has led to pension policy developments, including the introduction of auto-enrolment, a form of ‘soft’ compulsion, to ‘nudge’ people to save. Given that young working age cohorts have longest to contribute to pensions and have traditionally been least likely to save for ...
متن کاملContraceptive choice for young people.
BACKGROUND AND METHODOLOGY Giving young women access to newer contraceptives such as the combined contraceptive patch, combined contraceptive vaginal ring and single-rod implant may help reduce teenage pregnancies. However, little is known about young people's attitudes towards these contraceptives. This cross-sectional survey, using a self-completion questionnaire, aimed to explore young peopl...
متن کاملنقش نگرش در پیشگیری و درمان اعتیاد
Propagators of addiction have well realized that by creating a positive attitude towards substance abuse and the prevalence of misconceptions among people in the community, they can get a good consumer market and profitability. Hence, one of the main reasons for the addiction problem is the risk of normalization of substance abuse and a positive attitude toward substance abuse and its effects. ...
متن کاملAttitudes towards young people who self-harm: age, an influencing factor.
AIM To determine the attitudes of emergency care staff towards young people (aged 12-18 years) who self-harm and to gain an understanding of the basis of attitudes that exist. BACKGROUND Young people frequently attend emergency services following self-harm; it is unclear whether being a young person influences attitudes held. DESIGN Mixed methods using a triangulation convergent design. M...
متن کاملAging and Pension reform with Change contribution rates
Increased life expectancy and reduced fertility rates have led to aging which is one of the main causes of the pension funds imbalances in Iran’s pension funds. In order to resolve these imbalances, some reforms are required. The first option is to use parametric reforms, such as changing contribution rates of the pension system. The purpose of this study is to examine the impact of aging and c...
متن کامل