1. The course is called “Financial Groups: The Future of Finance”.  Your job is

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1. The course is called “Financial Groups: The Future of Finance”.  Your job is

1. The course is called “Financial Groups: The Future of Finance”.  Your job is to create an innovation for such a “Financial Group” together with your team.
2.  To make your job concrete we have chosen the UK-academics as our “Financial Group”.
3.   The driver of our financial innovation for financial groups will be risk appetite. Therefore long-term savings or pensions play a major role: this is where the risk appetite is. Innovation about long-term savings and/or pensions alone are therefore accepted in this course.
4. you would need for example a full econometric model including short-term and long-term predictions for your suggested financial services, just like in lecture 4 for stock returns…and you would need communication, just like in lecture 3,5 for pensions, to make sure the individuals take the right decisions.
**I have attached our innovation below.

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