BeIQ Blog

Confirmation Bias and Knowledge

In Be-IQ’s ten-part webinar series, which is available to stream On Demand, we explore fourteen behavioural biases. In a section named ‘behavioural deep dives’, we delve into the specifics of what a particular behavioural bias is, how it manifests itself, and why this matters in relation to Financial Planning.  Episode 2 of 10 starts our […]

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The Foundations of Behavioral Coaching

In mid-2019, Be-IQ became the first company in the UK to lift the theory of behavioural coaching off the pages of the academic literature and put it firmly in the hands of financial planners in the shape of a ten-part Behavioural Coaching training course. The idea behind the launch of Be-IQ’s Foundations of Behavioural Coaching […]

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DB transfer and Contingent Charges = Behavioural Risk

Message FROM the FCA: Contingent Charges = Behavioural Risk Message TO the FCA: By the way… so does Pension Freedom Definition of Contingent = “depending on something else in the future in order to happen” Dear Advisor: The FCA wants you to say “No” to DB transfers. Whether it is 6/7, or 9/10, a client walks in the room, excited about the possibility […]

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When it’s more than just your face!

Whilst looking online this morning, I noticed that the ageing app FaceApp is doing the rounds again. It’s trending worldwide on Twitter, with (I am guessing here) thousands of pictures created via the service and shared via social media At the time of writing, Twitter is showing two fun, easy-to-distract-people trends: #WorldEmojiDay and, of course, […]

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Running with a blindfold on!

Picture this. Your best friend is stood at the start of an obstacle course. It’s a long, complex course… and between them and the finish line, lie a multitude of obstacles that they must carefully: negotiate; climb over; crawl under; and cross using ropes and ladders. Not only is the course going to be a […]

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Where the magic happens

Last week at a Financial Planner conference, I was sharing with one of the delegates, details around the imminent launch of Be-IQ’s Behaviour Coaching training course; 10 live webinar events where we cover the aspects needed for financial planners to deliver behavioural coaching within their business. The conversation was a real moment of confirmation bias […]

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The 11th President of the USA

Did you know, that between the years 1845 and 1849, James Knox Polk served as the 11th President of the United States? It’s true, and has was quite the President by all accounts. However, as it turns out, ask over 200 people this question at a conference, and only three people have even heard of […]

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When things go wrong, as they sometimes will…

Over the last few days there has been a deluge of news around the suspension of Neil Woodford’s UK Equity Income fund. In fact, at one point, on Monday, the name “Neil Woodford” was the number one trend on Twitter in the UK. Out of everything that has happened over the last 48 hours, the […]

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£236 million.The cost of ignoring financial literacy and behaviours

Let me start by stating for the record, that I am supporter of principles-based regulation. It would be in no-ones interest, and a terrible development, if the regulator took a much firmer stance and in doing so, became more draconian in the way in which it oversees financial regulation. However, the problem with operating in […]

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Is financial education the silver bullet?

Over the past few years, it’s been difficult to avoid the many discussions, forums, and conferences focussing on the role of financial education in getting people on the path to a better financial future. In fact, so is the belief that it is the key to financial success, that some call for the financial education […]

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