Can a Nudge or two make us better savers?

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A company part-owned by the UK government is looking at ways of making people put more money aside for a "rainy day".

The Behavioural Insights Team (BIT) - which uses psychological techniques known as "Nudge" theory to encourage good "habits" - wants more employees to sign up to payroll saving.

It is trialling an "easier-to-join" scheme on all 45,000 UK employees of consulting firm Capita, run by the tech company Level, starting later this month. They will be able to sign up via a mobile phone, involving only a couple of clicks. 

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