Use behavioural science to combat client 'regret risk'

'Biggest regulatory risk' - Gill Cardy

Victoria McKeever
clock • 3 min read

Considering just how your clients make decisions could help engage them with the advice process, thereby ensuring better outcomes and avoiding potential "regret risk" years down the line, argues Gill Cardy.

"Should we spend time asking (or working out) HOW our clients make decisions?" writes the financial services consultant and former managing director of trade association the IFA Centre in a blog post on the subject. "And could clients AND their advisers benefit from all the necessary disclosures and risk warnings delivered in a personalised format, tailored to help that individual make a good decision, one more likely to withstand the scrutiny of 20:20 hindsight?" The regulator has certainly ramped up its focus on how behavioural factors influence clients. The Financial Conduct Author...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Most of our industry has forgotten what advisers actually do

Most of our industry has forgotten what advisers actually do

‘Providers have a responsibility to better support advice firms’

Mark Sanderson
clock 16 March 2026 • 3 min read
Government unveils changes to FOS operations after landmark review

Government unveils changes to FOS operations after landmark review

New ten-year limit for bringing complaints

Isabel Baxter
clock 16 March 2026 • 5 min read
Feel Good Friday: Wise Investment employee takes on the Great Wall of China for charity

Feel Good Friday: Wise Investment employee takes on the Great Wall of China for charity

Raising funds for Katherine House Hospice

Professional Adviser
clock 13 March 2026 • 1 min read