Behavioural biases are "likely to pose risks" to those who invest in the Lifetime ISA (LISA), the Financial Conduct Authority (FCA) has warned today in its consultation paper on the new saving scheme.
The regulator pointed to the LISA's dual purpose of promoting house purchase and aiding retirement saving as the principal reason for behavioural bias risks. It included present bias, over-extrapolation...
All-day event on 24 April
Consequences could be more severe than in stress tests
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