BEE-haviour in a world of uncertainty

  • Presentations, Technical Resource
  • Set up & management

National Conference 2023

SMSF trustees face large, multifaceted uncertainty. For example, at a macro-level, how will geopolitical and economic issues impact their investment returns? And at a more personal level, when will they want (or be forced) to retire; how long will they live, and how much will they need to spend in retirement?
 
SMSF professionals face uncertainty too; how well do they really know their clients’ risk profiles, their communication preferences, or their perceptions of the value of the services provided to them? It can be difficult to be entirely certain.
 
This session will provide some interactive examples of:
  • How people make decisions when faced with uncertainty
  • What are the common biases and blindspots, and what problems can they create?
  • Given this psychological evidence, what strategies can help SMSF professionals to engage with and advise their clients?

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association