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Netspar grant of 250.000 Euros for research on helping people to make better pension decisions

A Netspar grant of 250.000 Euros was awarded to Hoeken, Lentz, Holleman, Evers-Vermeul, Pander Maat (UiL OTS) and Kalwij (REBO) for a project in which they will investigate the effectiveness of decision aids for pension scheme participants. Pension Decision Aids are interactive online tools that through a sequence of questions and information guide participants towards making informed pension decisions. In the medical domain, such aids have been found to lead to better decisions, more knowledge, a more accurate risk assessment, and more confidence about one’s choice. In this project, we aim to assess to what extent PDAs can have similar positive effects for decisions about pensions.