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Searching for: researcher is "barrie & hibbert"

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Defined Contribution Pension Saving: Using behavioural economics to promote retirement saving
Automatic Increases in Pension Contributions
Barrie & Hibbert
Aug 2007 United Kingdom Scheme Design (inc. DB & DC), NEST/Personal Accounts, Pension Increases, Administration

Automatically increasing pension contributions by 1% a year for five years could boost retirement incomes by up to a half, according to new analysis published by Barrie & Hibbert. The report shows that a 25 year old with pension contributions at 10% of salary could expect a pension worth 42% of final salary on retirement at 65. But increasing contributions by just 1% a year for five years could enable the same individual to receive a pension worth nearly two thirds (62%) of final salary . The research also suggests that if such increases were automatic, few savers would opt out.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Aug 2007 or click here (this link will not work in all circumstances). For further information about Perspective click here.

FF38599D   Click here to contact the authors.

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