What limits workplace pension saving amongst threshold adults (aged 25-39 years)?

This report considers workplace pension saving amongst people in the early stages of adulthood. These are referred to as threshold adults, who are aged between 25 and 39 years old. The findings presented in this report are drawn from the PhD research project, Connecting Policy with the Personal: UK Pension Reform and Individual Financial Decision Making, which is being conducted by Hayley James, a PhD student at The University of Manchester Institute for Collaborative Research on Ageing (MICRA). The PPI funds and supports a number of PhD students researching into areas of distinct policy relevance to pensions in the UK.

Chapter one discusses workplace pension saving amongst threshold adults, drawing on academic literature as well as governmental and other social research.

Chapter two introduces the research project that has considered the workplace pension saving decisions of threshold adults.

Chapter three discusses the role of income as a factor in threshold adults’ decisions, along with policy implications of these findings.

Chapter four addresses the importance of home ownership, another factor in threshold adults’ decisions, and related policy implications.

Chapter five considers how major life events affect threshold adults’ decisions and the implications for policy.



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