Behavioural Finance Consulting

October 2024

Investment Suitability and Portfolio Reporting – Part 1

Investment suitability depends on consistent, transparent portfolio reporting. Variations in content, such as differing amounts, portfolio options, time horizons, and risk periods, can lead to misaligned risk perceptions and suboptimal choices. By standardising portfolio presentation and addressing cognitive biases, financial firms empower investors to make decisions aligned with their true preferences and tolerance for risk.

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The Future of Lending

The future of lending is being transformed by modern data and behavioural analytics, redefining risk assessment and client management. Traditional lending practices often exclude millions of people due to limited data, leaving many “credit invisible.” However, companies like Begini and Behavioural Financial Consulting are at the forefront of innovation, using data-driven insights and advanced technology to create more inclusive, personalised lending experiences. From improved fraud detection to gamified psychometric assessments, these modern solutions offer lenders smarter, more accurate ways to assess creditworthiness and manage clients, ensuring fairer and more secure lending.

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Why People Should Invest

Investing is essential for securing your financial future in today’s uncertain world. As job security declines and traditional pensions become less reliable, relying solely on income or government support is no longer enough. Investing offers a pathway to long-term financial stability by growing your wealth, helping you meet both short-term needs and future retirement goals. Like pursuing higher education, investing requires careful planning, regular contributions, and patience, but it rewards you with future financial security. By adopting a long-term mindset and setting clear goals, you can take control of your financial future and avoid unnecessary debt or financial struggles later in life.

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Navigating Five Core Challenges in Insurance

The insurance industry faces numerous challenges that stem from consumer behaviour, including inadequate coverage, overinsurance for low-risk events, and a general underestimation of insurance’s value. These issues highlight the need for insurers to adopt smarter strategies that address consumer concerns, enhance trust, and encourage better risk management. By leveraging behavioural science, insurance companies can reduce errors in disclosure, combat fraud, and improve customer retention, driving both profitability and long-term business success. This article explores the five core challenges faced by insurers and the innovative approaches needed to navigate them.

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