Pensions - Articles - Survey confirms success of auto-enrolment marketing


 A Government survey of working age adults has found that almost three quarters of the population are aware of auto-enrolment, the flagship government policy which just last week marked the milestone of seeing four million people brought into workplace pension schemes.

 It follows an advertising push by the Government to encourage people to save more for the future, featuring well known business figures including Dragons’ Den investor Theo Paphitis and vice-chairman of West Ham United and The Apprentice star Karen Brady.

 Commenting on the survey findings Barnett Waddingham senior consultant Malcolm McLean said:

 “It is most encouraging that the Government marketing of these vitally important pension innovations appears to have hit the mark.

 At a time when it is claimed that explaining the offside rule in football is almost as easy as explaining pensions, it is gratifying to note that the Government messages have been expressed in simple everyday language which ordinary people can understand. Expressions like “We are all in” and “If you put money into your workplace pension, your boss will too” have clearly resonated with the general public and have made the campaign the success it certainly is.

 Compared to previous efforts which have fallen short such as the use of talking dogs on the ill-fated stakeholder pension project this represents a major step forward and hopefully will represent a new approach to pensions communications. There is and always has been too much jargon and officialese in pensions speak. We can all surely learn from the results of this survey.”

Back to Index


Similar News to this Story

TPRs oversight of largest DC schemes is evolving
Master trusts, some of the UK’s biggest defined contribution (DC) schemes, will be supervised differently to identify market and saver risks sooner an
Pension disengagement may cost you GBP500k in retirement
Failing to actively engage with pensions during one’s working life could have a staggering financial impact, according to a new report from PensionBee
Ongoing confusion over IHT proposals and pension priorities
Sacker & Partners LLP (Sackers), the UK’s leading specialist law firm for pensions and retirement savings, today announced the results of their most r

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.