Mike Morrison: Pensions and behavioural bias

Overcoming 'mental accounting'

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Mike Morrison: "The pension dashboard risks changing from being the intended one-stop-shop for pension values and savings encouragement to a simple indicator of how much money can be spent and when."
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Mike Morrison: "The pension dashboard risks changing from being the intended one-stop-shop for pension values and savings encouragement to a simple indicator of how much money can be spent and when."

Pension freedom has resulted in people behaving in precisely the way behavioural psychologists would have suggested they would when faced with the choices it entails, writes Mike Morrison

Over the last few years I have become fascinated by how behavioural science interacts with the savings world and the fact we do not act rationally in making financial decisions. Instead, we are subject...

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