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

Elsa Fornero (), Mariacristina Rossi () and Cesira Urzì Brancati
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Elsa Fornero: University of Turin and CeRP-Collegio Carlo Alberto
Cesira Urzì Brancati: Joint Research Centre, European Commission, SevilleAuthor-Workplace-Name: University of Turin and CeRP-Collegio Carlo Alberto

No 176, CeRP Working Papers from Center for Research on Pensions and Welfare Policies, Turin (Italy)

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.

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Date: 2018-01
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