Four brain pension
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Laith Khalaf, Hargreaves Lansdown pensions analyst said: "this report is a simple message: pension investors can make rational decisions, but we sometimes need to be encouraged in the right direction."
David Blake, Director of the Institute of pensions, says the behavioral economics - what is learned financial habits - can be used to encourage better budget for the retraite.M Britain.Blake and his co-author paper Tom Boardman, Professor invited to Cass, detail how behavioral economics have been used successfully to teach people how to save while they work.
Programs such as superannuation autoenrollment and more tomorrow plan saves pursuant to which your contributions pension increase automatically as your salary increases, have worked to ensure that people are prepared for retirement.
"Panp recently implemented in 2012, will use inertia to encourage people to start saving for a pension," said Mr. Khalaf. " After the initial "nudge," people will continue to make a contribution.?
Mr. Blake wants to see similar programmes implemented once they have retired to overcome adversity people feel spinning with an expensive annuity.Unless they cough up money in the beginning, they might find themselves left with insufficient income, an insufficient number of years.
The recommendation of the report is that pensioners use counter plan (ideally expenses for retirement).The plan recommends four behavioral "moves" - action to change the behavior of Economics points.
The first suggestion believes that savers perform with or without counsel, retraite.Le report plan then recommends "the annuitisation progressive automatic."
Mr. Khalaf said: "it is to buy an annuity by étapes.donc if you are ￡ 200,000 in pension, rather than purchasing an annuity at once, you have ￡ 50,000 to purchase a rente.puis next year you go back and use a further ￡ 50,000 to purchase another pension, and the following year and the next year, do you the same."
The third behavioral boost advocates annuity payments of money-back, where if a pensioner dies within five years of policy, the rest of the pension pot returned to their succession.Cela encourage retirees to be more generous with the purchase of an annuity as capital protection contributes to appease people fear losing their assets.
The final "boost" is the document - slogan "go now" fleet may seem unusual for a paper from the Institute of pension planning, but Mr. Blake and M. Boardman said that by implementing long-term plans, we can relieve the pressure of worry for the future and take advantage of our more than income available.
Mr. Khalaf said: "people can make good retirement decisions, but policy makers need to ensure that incentives are good for the people chose the most appropriate option for them."
Re - study emphasises the importance of workers learn to do their last pension pot because we live longer, search this week showed that once you retire, feel you inflation much more strongly.
According to research by age, retirees are more than ￡ 700 worse still a year due to the increase in the cost of the vie.Ils are hit by inflation over the others because the basics are a greater proportion of their expenditure.
The new measure of inflation of the charity - called the Silver IPD - shows that those aged 65 to 69 is the worst affected, pay ￡ additional 710 per year to January 2008.
A figure of ￡ 500 for those aged 55-59 and ￡ 640 for persons aged 60 to 64 ans.Il belongs then gradually for those older than 70 years.
