The first of three post-Summit sessions took place in June as participants begin to tackle the challenges formulated during the Think Forward Summit this past February.
The first session, called “Bringing the focus”, worked to specify the kinds of consumer behaviour research that could be conducted to gain insight into how people make financial decisions. Based on that, participants brainstormed ideas on which practical tools could be created to help them make better ones.
The sessions are attended by academics, policy-makers, consumer-organisation representatives, and leaders from the financial and technology sectors. Most were participants during the Summit in February, who later committed to drive the progress of the Think Forward Initiative by joining a working group.
The working groups will meet three times this year to tackle the Summit challenges of “Savings, investment and retirement”, “Budgeting, spending and borrowing” and “Financial literacy”.