Skip to content
An official website of the OECD. Find out more
Created by the Public Governance Directorate

This website was created by the OECD Observatory of Public Sector Innovation (OPSI), part of the OECD Public Governance Directorate (GOV).

How to validate authenticity

Validation that this is an official OECD website can be found on the Innovative Government page of the corporate OECD website.

Choices for retirement income products and financial advice

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> </div>

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

Comments are closed.