Caveat Venditor: The brave new world of auto-enrolment should be governed by the principle of seller not buyer beware

Pensions Institute, 2012

40 Pages Posted: 18 Jun 2020

See all articles by Debbie Harrison

Debbie Harrison

affiliation not provided to SSRN

David P. Blake

City, University of London

Kevin Dowd

Durham Business School

Date Written: October 2012

Abstract

This report analyses the DC default funds used for auto-enrollment from two main perspectives. The first is qualitative and considers the impact of the behavioral traits of sellers (the providers, consultants and advisors that determine the fund design and the supply and distribution chain) and buyers (employers and trustees on behalf of the employees auto-enrolled). The second is a quantitative analysis of the impact of charges and asset allocations on the size of pension outcomes in different default funds. A number of existing and new schemes are modeled using appropriately calibrated stochastic simulation models.

JEL Classification: G22

Suggested Citation

Harrison, Debbie and Blake, David P. and Dowd, Kevin, Caveat Venditor: The brave new world of auto-enrolment should be governed by the principle of seller not buyer beware (October 2012). Pensions Institute, 2012, Available at SSRN: https://ssrn.com/abstract=3610053

Debbie Harrison

affiliation not provided to SSRN

David P. Blake (Contact Author)

City, University of London ( email )

106 Bunhill Row
London, EC1Y 8TZX
Great Britain
+44 (0) 20-7040-8600 (Phone)
+44 (0) 20-7040-8881 (Fax)

HOME PAGE: http://www.pensions-institute.org/

Kevin Dowd

Durham Business School ( email )

Mill Hill Lane
Durham, Durham DH1 3LB
United Kingdom

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