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Review of research relevant to assessing the impact of the proposed National Pension Savings Scheme on household savings
 — a report of independent research carried out by PricewaterhouseCoopers on behalf of the Department for Work and Pensions
Author(s)John Hawksworth
Corporate AuthorPricewaterhouseCoopers; Department for Work and Pensions - DWP
PublisherCorporate Document Services - CDS, Leeds, 2006
Pages48 pp (Department for Work and Pensions research report, no 373)
SourceCorporate Document Services, 7 Eastgate, Leeds LS2 7EY. E-mail: orderline@cds.co.uk Website: www.cds.co.uk Download from DWP website: http://www.dwp.gov.uk/asd/asd5/rrs2006.asp
KeywordsPensions ; Supplementary pensions ; Private pensions ; Savings ; Assets [elderly] ; Research Reviews.
AnnotationThe National Pensions Savings Scheme (NPSS) was a recommendation of the Pensions Commission. This report presents key findings of a review of academic and other published research on whether NPIS would add to total household savings. The review is intended to assist the government in assessing NPSS and other options for delivering personal accounts and reforming private pensions. The review is in two main parts. The first summarises a wide range of research of potential relevance to the assessment of the net impact of the proposed NPSS on household savings. This encompasses macroeconomic studies of the impact of changes on pension savings on total savings, and microeconomic studies looking at the impact of tax incentives and matching contributions on voluntary savings, the impact on total savings of changes in mandatory or quasi-mandatory funded savings schemes, and the impact of automatic enrolment. The second part discusses the implications of the research for the assessment of the impact of the NPSS on total household savings. (RH).
Accession NumberCPA-060808002 B
ClassmarkJJ: JJH: JK: JDD: JD: 3A:6KC

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