Supporting emergency saving: early learnings from the employer experience скачать в хорошем качестве

Supporting emergency saving: early learnings from the employer experience

How have employers responded to the idea of sidecar savings, and what’s the experience been like so far for workplaces participating in our trial? On Wednesday 9 December 2020, we held an online panel discussion to share early insights from our research trial, drawing upon qualitative research with employers and delivery partners. Our sidecar savings trial is supported by BlackRock, the Money and Pensions Service (MAPS) and JPMorgan Chase. The research is being led by Nest Insight, working with academics Sarah Holmes Berk, John Beshears, James Choi, David Laibson, and Brigitte Madrian as well as MaPS. Salary Finance is the trial’s savings technology partner, providing the savings tool which is being introduced in participating workplaces as ‘Jars’. Jars allows employees to set up regular payroll deductions to save money into their emergency savings jar, provided by Yorkshire Building Society, and, when they reach their savings target, to save more into their existing workplace pension.