Pension scheme de-risking: Understanding and mitigating regret aversion

People suffer from regret aversion, in that they do not want to make a decision which may prove to be a mistake — and one they regret. Trustees and sponsoring employers may have reservations about taking action to reduce risk in case the risk never materialises. In this podcast Behave London’s Hannah Lewis shares insights on how to look at this bias in a different light, and Aon Partner John Baines gives insights on where pension schemes can encounter risk aversion, and measures on how to mitigate it.