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Why do people opt-out or not opt-out of automatic enrolment? A focus group study of automatic enrolment into a workplace pension in the United Kingdom

Prabhakar, Rajiv (2017). Why do people opt-out or not opt-out of automatic enrolment? A focus group study of automatic enrolment into a workplace pension in the United Kingdom. Journal of European Social Policy, 27(5) pp. 447–457.

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DOI (Digital Object Identifier) Link: https://doi.org/10.1177/0958928717717656
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Abstract

Automatic enrolment (AE) into a workplace pension is an important recent development in pension policy. An important question for this policy is why do people opt-out or not opt-out of AE? This question is important for understanding the power of suggestion associated with AE as well as responding to concerns that women might face undue pressure to opt-out. This article addresses this question through a focus group study into the United Kingdom’s new AE policy. Women were more likely than men to cite lack of affordability as a reason for opting out. Lack of information also seemed important for the power of suggestion associated with AE. Further research should explore how to make AE less gender blind as well as the types of information or advice that should be provided alongside AE.

Item Type: Journal Item
Copyright Holders: 2017 The Author
ISSN: 1461-7269
Project Funding Details:
Funded Project NameProject IDFunding Body
Not SetNot SetThe Open University
Keywords: Automatic enrolment; behavioural economics; nudge theory; workplace pensions; UK
Academic Unit/School: Faculty of Arts and Social Sciences (FASS) > Politics, Philosophy, Economics, Development, Geography
Faculty of Arts and Social Sciences (FASS)
Interdisciplinary Research Centre: Innovation, Knowledge & Development research centre (IKD)
Item ID: 50638
Depositing User: Rajiv Prabhakar
Date Deposited: 24 Aug 2017 13:31
Last Modified: 15 Nov 2017 05:48
URI: http://oro.open.ac.uk/id/eprint/50638
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