http://hdl.handle.net/10379/2067 2017-10-29T22:03:49Z http://hdl.handle.net/10379/6142 Pension scheme defaults: questionable foundations and unconsidered outcomes Maloney, Maureen Inertia, the behaviour of doing nothing and allowing the current situation to prevail, is reported in many empirical pension studies. However, the reasons for the behaviour are not agreed. Various explanations include: fear of loss when decisions involve risk; cognitive limitations encountered when decisions are complex; inability to assess the costs of action and inaction; and a lack of self-control that inhibits proactive behaviour. 2015-03-27T00:00:00Z http://hdl.handle.net/10379/6132 Increasing pension participation rates through automatic enrolment: a critique of firm size Maloney, Maureen; McCarthy, Alma This paper focuses on the question: “Will automatic enrolment (AE) legislation impact on the participation rates for small firms?” We develop a model to explain why large organisations are more likely to offer pensions as a benefit than small organisations that includes background conditions and motivating factors. We also consider differences between the employees of large and small organisations. Building on the work of Willis (2013) we suggest that for large organisations voluntarily offering pensions as a benefit, the interests of government, pension providers, employers and employees are aligned leading to higher pension participation rates. However, we argue that legislation requiring AE in all firms will not be strong enough to overcome the unaligned interests of these stakeholders. Therefore, we predict that AE will not significantly improve the participation rates for small firms. 2016-09-01T00:00:00Z http://hdl.handle.net/10379/6130 The impact of DC (defined contribution) scheme structure and communication policies: a bounded rationality framework Maloney, Maureen Concepts from bounded rationality, particularly biases, are frequently used to explain the successes and the failures of pension scheme defaults. This research suggests that pension literature has focused on pension scheme structure, like defaults, with little attention paid to pension scheme communication designed to persuade and inform. A bounded rationality framework is developed to conceptualise the impact of both structure and communication policies on organisational outcomes, specifically pension participation rates and average contribution rates. It identifies three communication policies to be investigated in future empirical research including individualisation, segmentation and savings rate targets. 2015-09-11T00:00:00Z http://hdl.handle.net/10379/6129 Assessing the pay communication, knowledge and satisfaction of exempt employees at Medtronic Vascular Maloney, Maureen; Morris, David Medtronic Vascular is a US-based multinational that develops technologies to provide lifelong solutions for people with chronic diseases. Over 2,000 people are employed in Ireland with most of the company’s employees working at the state-of-the-art facility in Galway. The company recently devoted considerable resources to branding its reward system. Changes made to its base pay and bonus scheme were communicated with greater transparency than before using new and enhanced information sources 2009-04-01T00:00:00Z