Published today: Briefing Note 85 - Engagement of young adults with pension saving
Pensions Policy Institute
UK Pension & Retirement Income Research and Analysis
This Briefing Note explores barriers to engagement for young people and the ways in which negative perceptions of ageing can impede engagement with pension saving. It also outlines how tackling these psychological barriers can be used as part of effective financial advice.
Engagement with pensions by young adults has advantages, however it has been traditionally low in this age group. There are multiple barriers preventing young people from engaging with pension savings. In particular, stereotypes about later life might encourage or deter engagement with retirement.
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