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Centre for Policy on Ageing | |
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Evaluation of automatic state pension forecasts
— a report of research carried out by IFF Research Ltd on behalf of the Department for Work and Pensions | | Author(s) | Karen Bunt, Jane Barlow |
| Corporate Author | IFF Research Ltd; Department for Work and Pensions - DWP |
| Publisher | Corporate Development Services, Leeds, 2007 |
| Pages | 154 pp (Department for Work and Pensions Research report, no 447) |
| Source | Corporate 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/rrs2007.asp |
| Keywords | Pensions ; Preparation [retirement] ; Attitude ; Social surveys. |
| Annotation | For the two years to November 2006, the Department for Work and Pensions (DWP) sent some 16 million automatic pension forecasts (APFs) to people aged 20-60. The aim of the AFP is to inform people of the estimated amount of State Pension they will receive, also to improve understanding of pensions more generally and to make informed choice about different pension options. IFF Research was commissioned to undertake research to help determine the impact of sending out AFPs. The evaluation comprised 12000 interviews, including 9000 with AFP recipients about their reactions to the forecast, what they did with it, and whether they took action as a result. The 3000 other interviews were with a sample of non-recipients. While most of those who recalled receiving the AFP (80%, equivalent to 45% of all recipients) said that it had improved their understanding of pensions, levels of engagement with the AFP were fairly low, such that receipt seems to have had little, if any, impact on knowledge of the State Pension system. Appendices include the telephone survey questionnaire used, the texts of pension leaflets ("A quick guide to State Pensions" and "Plan your retirement now!"), and the opt-out letter (for those not wishing to participate to respond). (RH). |
| Accession Number | CPA-070803001 B |
| Classmark | JJ: GA: DP: 3F |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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