General Information
Project description
How does the presence of consumer protection affect decisions at retirement? Oxera undertook a behavioural experiment for the UK Financial Services Compensation Scheme (FSCS) to understand the role of FSCS protection—in both how consumers select their retirement income products, and whether they choose to obtain financial advice. This revealed how people behave in a realistic environment, providing insight into actual consumer behaviour and the importance of the FSCS in their decision-making.
Detailed information
Final report: Is there a final report presenting the results and conclusions of this project?
Yes
Final report
Additional information
<h3>Does a third party implement the intervention or is this a collaboration with another team?</h3><div class="csp"><p> Oxera collaborated with the Centre for Experimental Social Sciences (CESS), Oxford.</p>
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United Kingdom
London
Who is behind the project?
Institution:
Oxera Consulting
Team:
Project status:
Completed
Methods
Methodology:
Experiment, Online Experiment
Could you self-grade the strength of the evidence generated by this study?:
1
What is the project about?
Policy area(s):
Economy, Finance, Savings
Topic(s):
Decision-making
Date published:
10 December 2021