Behaviour has bigger impact on financial education than facts - research

Human emotions need to be more front of mind

Victoria McKeever
clock • 2 min read

Human behaviour and emotions have a bigger impact on financial education than "cold, hard facts", a study has found.

Research from communications experts like minds and emotional intelligence specialist The School of Life found "human behaviour" challenges needed to be addressed first by the industry in order to engage consumers on financial education. This included incorporating psychological factors through understanding how people think and feel, as well as philosophical factors, by giving real-life meaning to the concept of saving and managing money. The study detected a "general disinterest" in financial information and an inability from respondents to envisage their financial future more than ...

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

Firms with £500bn in AUM call for DE&I advancements

Firms with £500bn in AUM call for DE&I advancements

Rathbones, Sarasin & Partners and Scottish Widows sign statement

Patrick Brusnahan
clock 06 June 2025 • 1 min read
Professional Adviser TV: Behavioural psych to 'rapidly' become an advice essential

Professional Adviser TV: Behavioural psych to 'rapidly' become an advice essential

Dan Haylett and Louis Williams discuss the future of behavioural finance

Professional Adviser
clock 06 June 2025 • 1 min read
Neil Woodford to charge up to £70 a month to access portfolio platform

Neil Woodford to charge up to £70 a month to access portfolio platform

W4.0 launches

Cristian Angeloni
clock 06 June 2025 • 1 min read