Using social norms to activate pension plan members: insights from practice
Motivating pension plan participants to delve into their pensions and take action in a time-ly manner is a challenge for many pension funds and financial service providers. Referen-cing social norms can be a very effective way of stimulating the desired behavior. This can be done quite subtly and with very little investment: a particular word or image in a letter or chart can do wonders for improving the effectiveness of pension communications. It is, however, a delicate business. If the wrong expression is chosen, it can quickly backfire.

Key Takeaways for the Industry
- Social norm interventions can be very valuable in pension communications and are most effective when the tips outlined above are applied.
- Subtle differences can potentially have very negative effects. It is advisable to first test the social norms on a small group.
- Use actual existing social norms, do not embellish reality.
Want to know more?
Download the paper ‘Using social norms to activate pension plan participants: insights from practice’ van Joyce Augustus-Vonken, Lisa Brüggen, Thomas Post en Pieter Verhallen.