“新”家长式作风、协商和同意:英国固定缴款和自主退休储蓄计划参与者的期望

G. Clark, Janelle Knox‐Hayes
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引用次数: 1

摘要

对个人决策者能力的担忧,已促使政府和养老金计划发起人利用从行为革命中收集到的洞见。自动登记、目标日期和相关的投资策略可以有效地对抗惯性和缺乏对财务规划的关注等行为偏见。尽管如此,一些参与者可能希望在计划发起人和管理层实施“默认”策略等时进行咨询。在这里,我们从参加固定缴款和个人养老金计划的英国居民的全国代表性样本中评估计划参与者的期望。研究发现,对退休道路进行高度咨询感兴趣的受访者年龄较大,收入较高,并且认识到退休储蓄计划对其长期福利的重要性。相当数量的答复者不愿或不能就协商是否可取提出意见。这些回答者可以被描述为沮丧或失望或不满-社会经济变量不能很好地预测这些回答者对咨询的意见和态度。我们的研究结果在一定程度上支持“新”家长式作风,但对相关措施在异质计划参与者群体中的全面应用提出了质疑。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The 'New' Paternalism, Consultation and Consent: Expectations of UK Participants in Defined Contribution and Self-Directed Retirement Savings Schemes
Concern about the competence of individual decision-makers has prompted governments and pension plan sponsors to take advantage of the insights gleaned from the behavioural revolution. Auto-enrolment, target-date and related investment strategies may effectively counter behavioural biases such as inertia and the lack of attention paid to financial planning. Nonetheless, some participants may expect consultation when plan sponsors and management implement 'default' strategies and the like. Here, we assess the expectations of plan participants drawn from a national representative sample of UK residents who participate in defined contribution and personal pension schemes. It is found that respondents who expressed an interest in a high degree of consultation over the pathway to retirement were older, have higher incomes, and recognised the significance of retirement saving schemes for their long term welfare. A significant number of respondents would not or could not offer an opinion on the desirability of consultation. These respondents can be characterised as either discouraged or disenchanted or disaffected-socio-economic variables were not good predictors of these respondents' opinions and attitudes to consultation. Our results support, in part, the 'new' paternalism but raise questions about the blanket application of related measures to heterogeneous groups of plan participants.
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