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Thinking of your future self and boosting your retirement savings #RetirementReady

In Brief: Thinking of your future self and boosting your retirement savings #RetirementReady

Thursday, 07 January 2021

A new study has revealed how nearly two million younger people could have an extra £7,000 a year in retirement income, simply through a series of small behavioural nudges[1].

Getting young people to picture their ‘future self’ and introducing simpler pension labels to link contribution levels and retirement income were just two small changes that were shown to boost future retirement savings by up to £142,450 amongst those under the age of 30.

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