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“Information and perceptions on pensions. The case of the 2011 Italian reform"

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Listed:
  • Elsa Fornero

    (University of Turin and CeRP-Collegio Carlo Alberto)

  • Mariacristina Rossi
  • Cesira Urzì Brancati

    (Joint Research Centre, European Commission, SevilleAuthor-Workplace-Name: University of Turin and CeRP-Collegio Carlo Alberto)

Abstract

This article summarises some results from an ad hoc survey investigating the awareness and understanding of the 2011 Pension reform in Italy among would be retirees aged 55 and over. Despite being so close to retirement age, a third of the respondents did not think their income in retirement would be enough to meet consumption needs. Pension information was deemed as sufficient and easy to find only by one in five respondents. Even though nearly all respondents were interested in receiving generic pension information, only a tiny proportion was eager to seek professional advice to assess how balanced their portfolio were.

Suggested Citation

  • Elsa Fornero & Mariacristina Rossi & Cesira Urzì Brancati, 2018. "“Information and perceptions on pensions. The case of the 2011 Italian reform"," CeRP Working Papers 176, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    • Handle: RePEc:crp:wpaper:176
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    File URL: http://www.cerp.carloalberto.org/information-perceptions-pensions-case-2011-italian-reform/
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    Cited by:

    1. Debets, Steven & Prast, Henriette & Rossi, Mariacristina & van Soest, Arthur, 2018. "Pension Communication in the Netherlands and Other Countries," Other publications TiSEM 247a0420-2150-40f5-8b29-8, Tilburg University, School of Economics and Management.
    2. Giuseppe Marotta, 2018. "Why choosing dominated personal pension plans: sales force and financial literacy effects," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 0072, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".

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