We’ve partnered with the University of Edinburgh Business School to produce a white paper exploring the impact of auto-enrolment over the last 10 years. We were particularly interested at looking at how it has affected uptake and the amount saved in workplace pensions. The white paper draws on our recent consumer research and insight from researchers at the University, alongside industry and academic sources. It provides an evaluation of what has been achieved so far and gives recommendations for actions that will enable auto-enrolment to help more workers achieve good retirement outcomes. The white paper is authored by Professor Tina Harrison, University of Edinburgh Business School, Professor of Financial Services Marketing and Consumption. We set out to explore: What impact has auto-enrolment had on attitudes towards money? To what extent has auto-enrolment helped or hindered our ability to think and plan for the future? How has auto-enrolment affected different groups of people? To what extent is bias towards the status quo (inertia) a good or bad thing? How we define pension engagement A set of recommendations The research We carried out research among a nationally representative group of 2,000 UK adults to understand attitudes and behaviour. This research features within the white paper, with supporting data and research from several other sources. Now onto the key findings and highlights A decade of auto-enrolment: has it helped or hindered saving psychology? 7
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