As a small developing economy, Montenegro values alignment with global best practices in pension funds and long-term savings. Strengthening financial literacy and encouraging retirement savings remain central to our mission. Through regulatory reforms, we aim to build a stable capital market that supports sustainable pension solutions. Our collaboration with Pensión Research & Consulting enables us to exchange knowledge, adopt innovations, and apply international strategies to enhance our pension system.

In Poland, auto-enrollment is particularly important, as we are still facing challenges such as a lack of trust in state-organized savings programs. The Turkish market is of special interest to us due to the similar stage of its auto-enrollment programs, which still have growth potential. Sharing experiences can inspire further actions to support this growth. I would also like to express my appreciation for the knowledge and competence of our Turkish partner, Pensión Research & Consulting.

Low participation is one of the greatest challenges of pensions systems in developing countries. We cheer for research, debate and sharing of best practices on auto-enrollment programs and the understanding of human behavior. This will allow for higher participation rates and better pensions for everyone. Thanks, Pensión Research & Consulting, for their insights, hard work, and contributions on auto-enrollment systems so far, and congrats on their new projects.

Behavioural interventions are proven to be effective tools to promote behavioural change in different areas, specifically in promoting long-term saving. However, to be effective, further research is required to adapt existing models (which mainly designed for US and UK) to the specificities of the regulatory and cultural context of the country where they will be applied. In this respect, I believe that 'Pensión Research & Consulting' will play an important role in promoting practical research in this area.

The world has changed and it is digital. Technology should be definitely integrated into the principles of behavioral science to encourage pension savings worldwide. In this sense, I believe that ‘Pensión Research and Consulting’ will favor and work on the creation of high-quality projects in the development of behavioral and technological interventions to promote retirement savings and fill the gap in this research area, where there is still much do.