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...
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created