Many people find it difficult to start and maintain a retirement savings plan. We show how nudges can be used both to encourage people to save enough to provide an acceptable standard of living in retirement and to draw down their accumulated pension fund to maximize retirement spending, without...

This article re-examines key explanations of the Global Financial Crisis-product complexity, behavioural biases in decision making, systemic risk, and regulatory arbitrage and capture-and finds a common underlying cause, namely gaming by personnel at all levels in the banking sector and its...