Stephen Lowe: What the Money & Pensions Service can learn from Jaws

Just when you thought it was safe...

clock • 4 min read

Stephen Lowe shares his views on the Money & Pensions Service 'stronger nudge' research and urges all parties to think big when it comes to the take-up of retirement guidance

The most famous line in Jaws is when the hero, reeling from his first close encounter with the murderous great white they are hunting, backs into the cabin and mumbles to his captain: "You're gonna need a bigger boat." These words came to mind after reading the ‘stronger nudge' paper from the Money & Pensions Service (Maps) revealing the outcomes of trials to boost take-up of pension guidance. While the results are positive in an academic sense, they don't come close to addressing the scale of the real-world problem. The final conclusion of this study should be - we are going to need ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Sounding the alarm: Facing the retirement reality check

Sounding the alarm: Facing the retirement reality check

'At the heart of the issue is a worrying lack of engagement'

Laith Khalaf
clock 17 June 2025 • 3 min read
Why we plan holidays, not retirements: Changing the client conversation

Why we plan holidays, not retirements: Changing the client conversation

'This is scary for us as an industry but even more scary for us as a nation'

Verona Kenny
clock 04 June 2025 • 4 min read
Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Majority of pre-retirees expect to live with someone else in retirement

Martin Richmond
clock 03 June 2025 • 8 min read