Are you interested in knowing more about auto-enrolment mechanisms for pension savings? Then the Study on the Best Practices and Performance of Auto-enrolment Mechanisms for Pension Savings carried out by London Economics, Spark Legal Network and Redington for DG FISMA is just the read for you!
The overall objective of the Study is to set out the features and best practices of different auto-enrolment mechanisms into pension schemes. The Study compares practices across EU and non-EU jurisdictions and provides preliminary empirical evidence of the impact of auto-enrolment on pension adequacy, especially in countries where it is well established. Spark performed research into the legal elements of auto-enrolment pension schemes in EU and non-EU countries, it contributed to the preparation of case studies, and performed interviews with key stakeholders.
The study identifies a set of best practices and presents a scoreboard assessing each of the best practices in terms of overall importance in the functioning of an auto-enrolment pension scheme and their impact on participation, pension savings, and financial performance. The full Study report can be found here.