DEADLINE
This exam must be submitted within 8 hours of being made available (17:30 BST) on 15 May 2020.

UPLOADS
You should complete the exam by typing your answer in the space provided for answers in the paper and upload your submission as a Word document into Canvas. Please use your name as the filename when uploading to Canvas.
No answer should exceed 500 words, this is a strict word limit, and you need to complete the word count required for each question.
There is a section at the end for references should you include them and these are not considered part of the word count

If you need to use handwritten answers (accepted in exceptional circumstances only) there are several options:
i) Submit individual photos directly to Canvas using your phone browser at https://canvas.qub.ac.uk (this may work better than using the Canvas app); or
ii) Download the Microsoft Lens app to your phone to produce a PDF, and upload this to Canvas via your OneDrive (https://community.canvaslms.com/docs/DOC-10560-4212675755); or
iii) Email yourself the photos to compile them on your computer, and then submit via Canvas

CONTACT DURING THE TEST
If you have queries during the test you can email [email protected]. If you have broadband issues and need to use the phone, you can contact the Management School office on 028 9097 4200. If you have technical queries, such as around accessing Canvas, you can contact the Exams Office at [email protected] . Please also include me on any emails to the Exams Office

STATEMENT OF INTEGRITY
By completing this work I declare that:
1. I have read and understood the University regulations relating to academic offences, including collusion and plagiarism: http://www.qub.ac.uk/directorates/AcademicStudentAffairs/AcademicAffairs/GeneralRegulations/Procedures/ProceduresforDealingwithAcademicOffences/
2. The submission is my own original work, and no part of it has been submitted for any other assignments, except as otherwise permitted;
3. All sources used, published or unpublished, have been acknowledged;
4. I give my consent for the work to be scanned using a plagiarism detection software.
5. You agree to complete an oral assessment if requested to do so.

1. Behavioural finance is a relatively new field of study in the area of finance. Discuss why you think behavioural finance is useful for our understanding of how individuals and markets behave and what insights it can offer us in addition to traditional financial theory. (25 Marks).
2. The 2015 ING Survey on Financial Behaviour found that financial decision making was harder than expected, with 30% of people saying that deciding about wealth and retirement is difficult. Explain why people find making financial decisions difficult and outline the problems that this can cause. (25 Marks).
3. Under the Pensions Act 2008, the UK government introduced automatic enrolment for employees in order to increase retirement savings. Discuss whether you think this was a good policy intervention and whether there are any alternative interventions that would be useful to increase retirement savings. (25 Marks).
4. In your opinion what is the most significant behavioural problem facing households when making financial decisions? You should describe the issue and the implications this has for individuals, and also any potential solutions that are available. (25 Marks).