Effective decicion aids pension communication
The effectiveness of decision aids in pension communication and the role of literacy
This project investigates the effectiveness of decision aids in pension communication for participants in a pension scheme. Pension Decision Aids (PDAs) are interactive online tools that guide participants through a series of questions and information to make informed retirement decisions.
In the medical world, decision aids have been shown to lead to better decisions (in the sense that these decisions are consistent with the patient's values), as well as to greater knowledge, more accurate risk assessment and more confidence in choice.
In this project, we want to assess the extent to which PDAs can have similar positive effects for pension decisions and how the PDAs should be designed to achieve such effects.
Project budget €249,770, with €173,000 PPS allowance being used.