The European Commission selected economics and policy consultant LE Europe to conduct a study of global automatic-enrollment programs, according to a notice on European procurement website Tenders Electronic Daily.
The EC's directorate general of Financial Stability, Financial Services and Capital Markets Union was seeking a research firm to develop research about automatic enrollment practices in defined contribution plans worldwide in efforts to inform its policy recommendations.
LE Europe will screen market practices and features of existing auto-enrollment programs.
The EC aims to measure the performance of auto-enrollment programs in delivering adequate retirement savings as state pension benefits continue to fall.
The study will assess how automatic enrollment could improve retirement outcomes by boosting coverage, boosting savings in retirement plans as well as the performance of underlying investments.