Who Saves for Retirement?

Who Saves for Retirement
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Date/time
Date(s) - 07/12/2011
8:30 am - 10:15 am

Location:
CII


Prudential and the Strategic Society Centre launch a major new research project into the determinants of pension saving.

Date and time: 08.30-10.20, Wednesday December 7th, 2011

Location: Chartered Insurance Institute, 20 Aldermanbury, London, EC2V 7HY

Boosting participation in pension saving remains a key public policy challenge, and is the focus of a wide-ranging government reform programme.

Yet inside and outside the pensions industry, there continues to be heated debate as to what factors drive participation in pension saving, and their relative importance.

This event sees the launch of a major new research project from the Strategic Society Centre, undertaken in partnership with the Institute for Social and Economic Research (ISER) at the University of Essex.

The research – made possible by the support of Prudential – uses data from the Wealth and Assets Survey, and represents the most comprehensive study of the factors determining participation in pension saving ever undertaken in the UK or abroad.

Questions explored at this event included:

  • What influence do the characteristics of individuals, their household and employer, have on whether people participate in pension saving?
  • How do attitudes to saving and the best way of funding retirement affect participation in pensions?
  • Among the policy levers available to government, which is the ‘silver bullet’ for encouraging individuals into pension saving?

Speakers at this event included:

  • James Lloyd, Director, Strategic Society Centre
  • Dr Mark Bryan, Senior Research Fellow, ISER
  • Steve Webb MP, Minister for Pensions
  • Rob Devey, Chief Executive, Prudential UK
  • Baroness Jeannie Drake, House of Lords

The event was chaired by Jeff Prestridge, Personal Finance Editor, Mail on Sunday.

Download the slides: Who Saves for Retirement – Executive Summary slide-pack

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