Carrot vs stick: how to encourage people to save

James Phillips
clock • 4 min read

Is a positive approach the best way to encourage savers to increase contributions into their DC fund? James Phillips reports

At a glance DC contribution rates are 17% lower than their DB counterparts Action needs to be taken to increase these contribution rates Schemes should promote higher savings as a social nor...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

Scottish Widows evolves workplace default

Scottish Widows evolves workplace default

New default to ‘maximise pension growth potential’ with high equities exposure

Jasmine Urquhart
clock 27 March 2025 • 2 min read
Defined Contribution Conference 2025: Registration open!

Defined Contribution Conference 2025: Registration open!

This year's event is being held in central London on 18 June

Professional Pensions
clock 26 March 2025 • 1 min read
Don't lose sight of the member in the quest for value for money

Don't lose sight of the member in the quest for value for money

Daniela Silcock says we need a proper breakdown of the costs of reform

Daniela Silcock
clock 25 March 2025 • 3 min read
Trustpilot