Conclusion
Although initiatives such as auto-enrolment and auto-escalation are helping to get people saving more towards their retirement, they only solve part of the problem. Initiatives like the ones we’ve outlined above, which help to increase engagement and understanding of savings and investments are essential.
Think about the time you are demanding of people and when you are asking them. Think about whether the information is easy to access and simple to understand. Think about different ways you might frame the same information or what reference points might aid understanding and comprehension. These powerful insights can help radically change how we all think about our money, so we can plan better for the future.
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