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

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 ...