The past year has seen one of the biggest changes to pension schemes in recent times. Starting with the largest employers, workers are now being automatically enrolled in a scheme when they join a company. In other words, now people have to make a decision to leave their employer’s scheme, rather than to join it.
When it was first considered, this policy was seen as a trailblazer – and a test-bed – for the use of behavioural economics in government. It ….read more