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One in six (16.5%) employees will opt out when they are auto enrolled into a workplace pension scheme. More than double (48.4%) are unsure - and a third (35%) will not practice the option to take themselves out of the pension set up.

Older workers are the most likely to opt out after being automatically enrolled into a workplace pension scheme.　Inertia is more likely to keep part time workers in the scheme. 　And although some workers may be uncertain of whether or not they will opt out, they are likely however to be certain that they want to be able to choose the pension structure.

Over three quarters (78.7%) of those who initially opt out will opt out again three years later when they are automatically re-enrolled.

And although similar proportions of women and men claim they will opt out if automatically enrolled into a workplace pension scheme, a greater number of men will opt out again when they are enrolled back into the scheme three years later.


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Annual Direct Investor Research

November 2010

[ View the full report ]

This study empowers product manufacturers, advice firms and marketers with the insight required to fully understand what warms direct investors to certain factors within an offering and therefore the best strategies to tailor their products to meet the needs of these investors.

The research seeks to deliver product providers an in-depth understanding and quantifiable categorisation of the various types of direct investors operating within the UK financial services industry today.

Through careful information and data collection the study is able to segment direct investors into separate and distinctive groups based largely on the answers provided across a broad range of carefully constructed behavioural and attitudinal questions.

The power of direct investors in the UK is only likely to grow as investors become more educated and comfortable on financial matters and more at ease around technology – partly driven by what we term investor info-lust brought about by improved online access to information and trading markets.

It is imperative therefore for companies (product providers) to have either a strong brand presence, or are able to build their own internal efficient distribution channels, or can partner with leading media or consumer-facing technology groups to boost their product sales.

This report will tell you:

  • Who is going direct? The report covers the demographics and behaviour of self-directed investors.
  • Identification of the financial needs, goals and risk profiles of people in this part of the market.
  • How they buy; why they go direct, what processes they use before investing as well as the triggers behind their specific investment choices.
  • Their investing and trading style, levels of expertise, outcomes and levels of satisfaction with their performance.
  • The report also goes deeper to reveal psychographic typology within this part of the market and identifies any clear subsets that exist within and detailed information as to their attitudes and behaviours.
  • How they buy and form trust with financial services providers.
  • What products and asset types they hold.
  • The size of the direct market and how attractive it is in terms of product holdings, investment amounts and investor numbers.
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