Behavioural Finance Working Party

Key objectives:

• analysis of the behavioural biases of actuaries
• studying the end users of actuaries advice, including:
  • corporate entities
  • pension scheme trustees
  • Individual purchasers of insurance and pension products.

Outputs:

• this working party is aiming to produce a series of papers into various aspects of how behavioural finance impacts the work of actuaries. The foundation of these research pieces will be a survey, which is under consideration by the working group.
• a publishing company has expressed interest in producing a book containing a selection of the papers being produced.
• submitted proposal for Life Conference 2015.