Does automatic enrolment increase retirement saving?

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1. 1

   Interventions designed to improve financial capability: A systematic review.

   Campbell systematic reviews (Birkenmaier et al.)Published Mar 14, 2022Checked Oct 4, 2026

   “In addition, 17 duplicate or summary reports were also located. This review identified several different types of previously evaluated financial capability interventions. Unfortunately, few interventions that were evaluated by more than one study measured the same or similar outcomes, thus there were not a sufficient number of studies of any of the included intervention types that could be pooled to conduct a meta-analysis. Therefore, evidence is sparse about whether participants' financial behaviours and/or financial outcomes are improved. While the majority of the studies used random assignment (72%), many of the studies had some important methodological weakness.Authors’ conclusionsThere is a lack of strong evidence about the effectiveness of financial capability intervention. Better evidence is needed about the effectiveness of financial capability interventions to guide practitioners.”

2. 2

   Effect of institutional mechanisms on micropension saving among informal economy workers in the Greater Accra Region of Ghana.

   Heliyon (Boyetey et al.)Published Sep 16, 2021Checked Oct 4, 2026

   “The study investigated the effect of institutional mechanisms of micropension saving (MPS) schemes in extending coverage to informal economy workers. We used mixed methods as the research approach, and collected both quantitative and qualitative data for analysis. Using principal component analysis, multiple regression analysis and interpretative approaches that yielded themes, we concluded that more access provision, incentives and security result in increased informal economy workers' participation in MPS. However, general form of financial information to informal economy workers was found to demotivate enrolment onto the scheme. Consequently, we recommended that corporate pension trustees should create institutional structures like pension education campaigns on national television and radio to promote the culture of pension saving.”

3. 3

   Does the Formulation of the Decision Problem Affect Retirement?-Framing Effect and Planned Retirement Age.

   International journal of environmental research and public health (Jedynak)Published Feb 10, 2022Checked Oct 4, 2026

   “To answer this question, an original research questionnaire was developed. It included a description of a hypothetical pension system and experimental vignette questions. The research was conducted on the basis of answers given by 1079 randomly selected respondents who were participants of the pension system in Poland before retirement. In the analysis of the results, non-parametric tests and multiple logistic regression were used to compare response distributions. As a result of the conducted research, it was proven that the framing effect significantly affects the extension of the planned retirement age. At the same time, it was found that loss framing affects pension decisions to a greater extent than gain framing. It has also been noted that women are more susceptible than men to the framing of pension decisions. An application conclusion resulting from the conducted research is indicated as the possibility of the intentional use of the framing effect by decision-makers in order to increase the effective retirement age.”

4. 4

   National Employment Savings Trust (Wikipedia)

   WikipediaPublished Oct 1, 2026Checked Oct 4, 2026

   “The National Employment Savings Trust (Nest, sometimes branded Nest Pensions) is the United Kingdom’s public-service defined contribution workplace pension scheme, created to support automatic enrolment under the Pensions Act 2008. It is run by Nest Corporation, a public corporation (non-departmental public body) accountable to Parliament through the Department for Work and Pensions (DWP). Nest has a public service obligation to accept any employer that wishes to use the scheme to meet automatic-enrolment duties. As of 31 March 2025, Nest reported managing about £49.7 billion on behalf of around 13.8 million members. Nest is an authorised master trust supervised by The Pensions Regulator.”