Ep 427 - Joint Savings accounts, the Dunning-Kruger effect & Consumer Duty impacts

Damien Fahy of moneytothemasses.com talks to Andy Leeks about money. On this week's episode I talk about the Dunning-Kruger effect, explaining how it works and what we can learn from it when it comes to financial decision making and investing. Consumer duty has been described as one of the biggest shake-ups to happen to the regulation of financial services and so I provide a summary of what it is and how it is likely to impact businesses and consumers. Finally, I reveal the pros and cons of taking out a joint savings account, including a quick rundown of the best rates on the market currently.   Check out this week's podcast article on the MTTM website to see the full list of resources from this week's show. Best Robo Advisers in the UK Cash Savings Ladder Best Savings Accounts in the UK Dunning-Kruger effect

Om Podcasten

Hosted by Damien Fahy of www.moneytothemasses.com, the Money To The Masses Podcast covers a wide range of personal finance topics. Released every Sunday - Damien and Andy talk about a range of personal finance topics including Investing, Savings, Insurance and Pensions, as well as ways to make and save money and the scams you should avoid. Released every Wednesday - Damien discusses what is happening in investment markets and what to look out for. Each show lasts between 10-15 minutes and is aimed at DIY investors (including novices) seeking contemporary analysis to help them understand how investment markets work. Damien is one of the most widely quoted money and investment experts in the national press and has made numerous radio & TV appearances. He created MoneytotheMasses.com while working in the City when he became disillusioned with the way the public were left to fend for themselves because they could not afford financial advice. If you have any questions or comments on the podcast, contact Damien by emailing [email protected]