Latest Issue

Want to reform the housing market? Make deposit saving schemes automatic

Extending the pensions auto-enrolment scheme to mortgage deposits could help get young people on the ladder

By Jack Airey  

Should we be making opt-out schemes for housing deposits? Workplace pension reforms are a triumph of the Coalition Government. Heavily influenced by the work of this year’s winner of the Nobel Prize for Economics, Professor Richard Thaler, they have transformed pensions saving.

Since the scheme was introduced in 2012, over 6.7 million people have been automatically enrolled. The government expects that, once fully-rolled out by 2020, 10 million workers will either be newly saving or saving more in a workplace pension scheme.

Thaler was right: public behaviour can be nudged in…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect