Strengthening retirement systems: the view from the United States
Date: Thursday 1 July 2021 | 2-3pm (BST)
Location: Virtual – GoToWebinar
Join Nest Insight for a conversation with Ida Rademacher, Vice-President of the Aspen Institute and Executive Director of the Aspen Financial Security Program, to find out:
- How are policymakers and the financial services industry in the US responding to the uniquely difficult and illuminating past year?
- What have Nest Insight and Aspen FSP learned about savings behaviour across the crisis?
- What are the possible legislative changes on the horizon in terms of retirement?
- Where does retirement sit in the broader financial security framework that the Aspen Institute is working to?
- Ida Rademacher, Vice-President of the Aspen Institute and Executive Director of the Aspen Financial Security Program
- Will Sandbrook, Executive Director of Nest Insight
The US and UK retirement systems are structurally similar in design, serve similar labour markets, suffer from similar challenges, and have sought similar solutions to resolve them. There is a strong history of shared thinking and insight, and of parallel development paths in the two countries. And crucially, the next set of challenges across the two systems are also closely related, and will require similar responses. That shared outlook is what brought the Aspen Institute Financial Security Program (Aspen FSP) and Nest Insight together in a transatlantic partnership.
On both sides of the pond, many of the challenges facing low and moderate income workers in achieving retirement security will have been exacerbated by the Covid-19 pandemic. But as we begin to emerge from the crisis, there may be opportunities to improve the systems that serve them.
Sign up to the event to learn more and join the conversation: Register here.
Stress-testing defaults: what happens to pension auto enrolment during a crisis?
Date: Thursday 13 May 2021 | 2-2:45pm (BST)
Registration now closed
In this live online event we shared findings from the initial stages of our research programme, and discussed what these learnings may tell us about the resilience of the UK’s retirement system and implications for long-term financial security.
- Matthew Blakstad, Analysis Director at Nest Insight
- Jesal D. Sheth, Postdoctoral Research Fellow at the University of Nottingham
- Professor John Gathergood, from the University of Nottingham
Watch the recording of this event:
Since the initial shock of the Covid-19 pandemic, Nest Insight has been examining how the crisis is affecting those saving with Nest, who tend to be on low to moderate incomes. We’ve been looking at this important question through a number of lenses, working with Nest’s administrative dataset, covering the jobs and pension savings of over nine million workers at nearly 900,000 UK employers, to find out:
- Have any specific groups of workers been more negatively affected than others?
- Have there been any changes in pension saving behaviours?
- Has the crisis changed people’s views on the importance of saving for emergencies?
To conduct this analysis, we’ve been working with John Gathergood and Jesal D. Sheth of the University of Nottingham, and with Neil Stewart and Chris Firth of Warwick Business School. This collaboration was made possible by a Covid-19 Rapid Response ESRC Grant from UK Research & Innovation and also by the ongoing support of BlackRock, the Money and Pensions Service and JPMorgan Chase, which created the post-doctoral position as part of our wider programme of research into emergency savings and debt.