Freddie Findlater: Passivity is no longer an option

Inertia has become a key policy mechanism

clock • 4 min read

The time has come for the financial services sector to instil a more engaged, less passive type of behaviour in its clients and customers, argues Freddie Findlater

Only 10% of eligible workers are currently opted-out of auto-enrolment - a statistic the financial services sector has been quick to claim as a victory. But how accurate is this picture? Where pensions are concerned, the key policy mechanism, driven by the government's behavioural unit, has been inertia - where we essentially rely on employees being too lazy to actively leave the workplace scheme to which they have been enrolled. Until now, we have been relying on passivity in the belief engagement and action would be negative in the form of opt-outs. From next year, however, the mini...

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 Your profession

Trial of former Titan Wealth employee rescheduled as defence prepares abuse of process argument

Trial of former Titan Wealth employee rescheduled as defence prepares abuse of process argument

Prosecution ready to proceed but court agrees to delay trial until late August

Sahar Nazir
clock 09 May 2025 • 2 min read
Professional Adviser TV: Female leadership and overcoming business barriers

Professional Adviser TV: Female leadership and overcoming business barriers

With WIFA winner and short lister Frankie Smith

Professional Adviser
clock 09 May 2025 • 1 min read
The 'quick way' to lose your clients' trust

The 'quick way' to lose your clients' trust

Clients are disengaging rather than firing their advisers, conference hears

Sahar Nazir
clock 09 May 2025 • 2 min read