Netspar mini-conference: Supporting Consumer Pension Decision Making Online

In recent years the call for more flexible pension arrangements has increased in the Netherlands. At the same time individuals are encouraged to enhance their regular pensions with additional, more personal financial arrangements.

With this increased flexibility and the availability of a greater diversity in financial pension products, consumers are potentially better off as they have more opportunities to find a product that matches their own individual specific needs. At the same time however, the question arises whether consumers are capable to act on this potential welfare gain because of the high complexity of the decisions that they face. Pension product providers are also challenged to provide sufficient information to individuals to make informed decisions.

The objective of this mini conference is to present recent research on interactive decisions aids and web site design and to support consumer pension decision making online. Daniel Goldstein (Yahoo! Research and London Business School) and Gerald Häubl (University of Alberta), both international experts in the field will present their most recent work, and the latest results from the Netspar theme “Supporting Consumer Pension Decision Making Online” will also be presented.

Location
Erasmus University Rotterdam, Woudestein campus, M-Building, Room M 2-11.

Supporting Consumer Pension Decision Making Online – Selected project results
Savings Adequacy Uncertainty: Driver or Obstacle to Increase Pension Contributions? Ron van Schie

Meeting Consumer Risk Preferences by Debiased Investment Advice,
Bas Donkers, Carlos Lourenço