This encompasses priorities around:
- reducing the percentage of pensioners in absolute low income after housing costs
- Increasing the total number of people automatically enrolled in workplace pensions and building retirement savings
- continuing to explore how to make it easier for self-employed people to save for retirement
Send correspondence and further questions to evidence.strategyteam@dwp.gov.uk.
This question was published as part of the set of ARIs in this document:
How much people save for their retirement is extremely important. It matters not only for individuals' wellbeing but also for society in general because those with insufficient private savings are more reliant on governm...
Funded by: ESRC
Lead research organisation: Institute for Fiscal Studies
The project provides insights into factors driving consumer engagement in private and workplace pensions and the extent to which engagement leads to positive outcomes or desired behavioral responses.
The UK is currently in the midst of sweeping changes to both state pension provision and private pension arrangements. Recent policy reforms include the introduction of the 'new state pension' from April 2016, further in...
Funded by: ESRC
Lead research organisation: Institute for Fiscal Studies
The project addresses the question partially by studying the implications of recent policy reforms for household behavior and well-being, but does not specifically focus on factors driving consumer engagement in pensions.