Brendan Burgess
Founder
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The Society of Actuaries is having a [broken link removed]on this topic on Thursday 23rd November
Do consumers of financial services, investment andpension products understand the risks in the products that they are buying? Experience suggests that there is often a mismatch between consumers’ underlying attitudes to risks and the financial decisions that they make in practice. In a world in which government and employers increasingly expect individuals to take command of their own pension and investment decisions, it is important to explore this issue and to identify ways to help consumers optimise their decision-making.
The Consumer Protection Code published recently by the Financial Regulator aims to protect and promote appropriate outcomes for consumers of financial services. There are also lessons to be learnt from recent research into consumers’ understanding of risk and the factors that influence their decision-making. Our half-day seminar will offer a range of perspectives on this topic and will be of interest to those in the life assurance, pensions and investment industries, including product providers, consultants and advisers.