Occasional Paper No. 19: Attention, Search and Switching: Evidence on Mandated Disclo

[Legal Beagles]

This paper describes the findings of a series of field trials that explored how disclosure-type regulatory interventions could encourage consumers to switch to higher-paying savings accounts. Using data on over 130,000 UK savers we test information about better alternative accounts, a simpler way to switch, and digital reminders about a rate decrease.

http://www.fca.org.uk/news/occasional-paper-no-19