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

by Elsa Fornero, Mariacristina Rossi and Cesira Urzì Brancati; CeRP WP 176/18

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.

Published: January 2018