Pension confusion, uncertainty and trust in Scotland: an empirical analysis

Webb, Rob; Watson, Duncan; Ring, Patrick; Bryce, Cormac

Abstract

In the context of the new auto-enrolment requirements for employers to make pension provision for their employees, and the importance of trust in pension provision, this article utilises data from the Scottish Social Attitudes Survey which in its 2005 wave asked correspondents specific questions regarding pension provision. We integrate two different empirical approaches in order to achieve a more robust understanding of pension confusion in Scotland. We find that pension confusion is dominated by pension uncertainty and myopia but may be reduced by working in the financial services sector. We consider the implications of these findings for the relationship of trust between employers and their employees, as well as for government pension policy more generally.

Citation

Webb, R., Watson, D., Ring, P., & Bryce, C. (2014). Pension confusion, uncertainty and trust in Scotland: an empirical analysis. Journal of Social Policy, 43(3), https://doi.org/10.1017/S0047279414000051

• Journal Article Type: Article
• Acceptance Date: Oct 1, 2013
• Online Publication Date: May 1, 2014
• Publication Date: Jul 1, 2014
• Deposit Date: Feb 13, 2018
• Publicly Available Date: Feb 13, 2018
• Journal: Journal of Social Policy
• Print ISSN: 0047-2794
• Electronic ISSN: 1469-7823
• Publisher: Cambridge University Press
• Peer Reviewed: Peer Reviewed
• Volume: 43
• Issue: 3
• DOI: https://doi.org/10.1017/S0047279414000051
• Public URL: https://nottingham-repository.worktribe.com/output/729842
• Publisher URL: https://www.cambridge.org/core/journals/journal-of-social-policy/article/pension-confusion-uncertainty-and-trust-in-scotland-an-empirical-analysis/E1D782D91C6D4F59727F5735ACF4D051
• Contract Date: Feb 13, 2018