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Decisions, decisions

How does behaviour affect financial planning? And are the odds stacked against us? Steven Hennessy explores the psychology of investment

24 April 2013

There's been some grave news this month.

According to research from Dunstan Thomas, 33 per cent of financial product providers believe that the Retail Distribution Review (RDR) will reduce their profit margins. Furthermore 31.5 per cent of providers also see disclosure issues (around key features illustrations and statutory money purchase illustrations) as the most difficult changes to implement.

That's right, folks: close to one in three providers (of the financial products that we rely on to hold our hard-earned beans) are struggling to implement changes intended to increase transparency and fairness.

I can only imagine your shock.

I have always assumed that providers designed and distributed products to improve the well-being of the nation. Yet these statistics imply that for the past few decades some companies may ha...

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