Image:
Patrick Heath-Lay: Cash incentives bias the pension transfer process in ways that are often harmful
Offers of cash incentives make people ignore the fine print and switch their pension to a worse option, latest research from People’s Partnership and the Behavioural Insights Team (BIT) shows.
The provider of The People's Pension master trust said its research – conducted by BIT between September and November last year among a sample of 5,687 UK adults – tested how people would respond t...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
