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Working Paper No. 87
By Mehul Kotecha, Rachel Kinsella and Sue Arthur
This in-depth, social research was undertaken to shed light on the questions of whether and to what extent people are able to predict their income in retirement. The main aims were to explore people’s attitudes and behaviour towards retirement planning as well as the feasibility of conducting larger-scale experimental research that would look at the role and impact of information on retirement planning.
The research found, unsurprisingly, great variation in the ease with which people were able and willing to make predictions. It found patterns in the types of methods people used - these in turn suggest potential options around providing information on retirement planning.