CDI Explorer - NEW Model developed with Momentum Investment Solutions & Consulting!
January 21, 2019
Have you been following the CDI debate or looking at alternatives to Gilts based funding measures?
Moving away from traditional actuarial valuations and focusing explicitly on a pension scheme’s ability to meet its cashﬂow requirements can lead to some interesting observations...
Working with Momentum ISC, we have developed an interactive cashﬂow modelling tool to help sponsors and trustees understand the fundamental risks they are running.
The tool has signific... Continue reading
Interning at Sciurus Analytics and exploring Financial Canvas as a tool for analysing time series
September 14, 2018
My first year studying Mathematics has given me a great
foundation to build on, but I wanted to see the maths I’ve learned being used
in real-life. Interning at Sciurus Analytics, a start-up based in a lively
co-working space in Wimbledon, for a few weeks this summer, has given me
insight into the ways I might use my degree once I’ve graduated. I’ve seen daily stand-ups and agile working,
as well as had the opportunity to explore applications of mathematics in a
business contex... Continue reading
Improve your analytics or the ui/ux?
November 20, 2017
At a client review meeting recently, I caught up with Rob
Gardner at the café below Redington’s impressive new office, just a few minutes’
walk from Bank Station in the heart of the City.
Rob was outlining how Financial Canvas can help Redington to
deliver their ambitious aim to bring financial security to 100 million people. As
we chatted, jotted and sketched, Rob created this delightfully simple grid that
formed the basis of our conversation for the rest of the meeting.
<... Continue reading
REUSABLE CHARTS AND EXTENSIBLE FRAMEWORKS
November 02, 2017
Another great blog from our John Walley and his amazing work creating online dashboards for Financial Canvas clients... Contact us today to build a dashboard for you.
A few months ago, I wrote about reusable charts. The thinking behind the blog post fed into the initial design for a new web application - Financial Canvas Studio. It helps professionals in the pension industry understand their financial models and the assumptions that go into them - leading to smarter decisions.
At its heart, the application presents... Continue reading
CASHFLOW NEGATIVE? DON’T IGNORE IT!
October 02, 2017
We were interested in the comments from PSolve “Cashflow Negative? Don’t worry about it!”
Whilst we appreciate the sentiment – and that might be the right advice in many circumstances – don’t forget that as benefit payments start to grow a dangerous black hole awaits.
We believe that Trustees ignore cashflows at their peril!
Why is this?
For younger pension schemes you can make an argument for behaving as a long-term investor. Rather like a turbine generating energy from waves, a pension scheme can rid... Continue reading
Integrated Risk Management in Practice
September 05, 2017
We were delighted to see the article in the Actuary this month looking at the impact of including covenant risk in asset liability modelling for defined benefit pension schemes and thank the authors for bringing this important topic to a wider audience.
Our mission is to create easy online access to these tools for all schemes. Technology is the great enabler of our age and we believe that all trustees should be able to access this advice based on their circumstances and presented in a clear and engaging fashion so that they can ma... Continue reading
TECH FIRM PROMISES LOW-COST, FLEXIBLE ECONOMIC SCENARIO GENERATOR
August 18, 2017
UK-based financial analytics provider Financial Canvas is promising insurers a flexible and easy-to-use economic scenario generator (ESG) that could save them hundreds of thousands of pounds a year.
Established by Chris Squirrell, a former head of ALM modelling and stochastic valuation at Aon Consulting, Financial Canvas has been working with pension schemes, life insurers and advisors since 2013 to provide analytics solutions, including an alternative to the off-the-shelf ESGs that currently dominate the market.
Many of the exi... Continue reading
FINANCIAL CANVAS STUDIO – INVESTIBLE BENCHMARK – SHORT DEMO
August 17, 2017
Financial Canvas Studio - Investible Benchmark - Short Demo from Sciurusly on Vimeo.
More from financial-canvas-studio helping trustees make better decisions with confidence. Watch this trailer to see our web-based dashboards at work and comment here if you’d like to see this analysis for your scheme. How robust is your LDI solution?! Continue reading
HELP DESIGN OUR NEXT UPDATE
August 07, 2017
Deciding on design and features for any software always benefits from getting the users involved. In this post we’ll give a quick update on the Studio, our online charting environment, before passing the reins over to you and asking for your input on the first of many design questions we will be posing.
The ESG (Economic Scenario Generator) dashboard helps our clients understand the nature of the simulations that we/they have generated. What features does it include? Does it capture your views correctly so that you can use it to te... Continue reading
August 01, 2017
We are delighted to invite you to take a look at the first charts designed under John Walleys new React/d3 framework. https://lnkd.in/gTjRDD9 The design is flexible and we would love to hear your comments or suggestions.
Please contact us for more information or if you would like access to the full ESG model – firstname.lastname@example.org
The ESG dashboard charts the simulations and summary statistics from our Economic Scenario Generator with rich distributions that are easy to calibrate to your Capital Market Assumption. Y... Continue reading
MOMENTUM INVESTMENT SOLUTIONS & CONSULTING CHOOSES FINANCIAL CANVAS
August 01, 2017
Financial Canvas are delighted to announce that Momentum Investment Solutions & Consulting (Momentum ISC), part of Momentum Global Investment Management, has become the latest firm to sign up to use the Financial Canvas ESG and risk modelling platform.
Momentum ISC is built up of an experienced team of investment consultants who provide independent advice to UK pension schemes.
Financial Canvas is a drag-and-drop environment for building and running actuarial and investment models. The graphical nature of the software... Continue reading
FINANCIAL CANVAS UPDATE – THE STUDIO
July 20, 2017
Work on the studio continues apace.
The Studio is our online charting environment where clients can access interactive dashboards of mod... Continue reading
ALL MODELS ARE WRONG …
June 01, 2017
I was reading Amy Kessler’s excellent article in Professional Pensions this morning ‘Understanding the limitations of the CMI longevity model’.
Amy is right to remind us that the model has limitations. All models do; they are necessarily and by definition, simplifications of reality. (For the time being anyway until we can run simulations of reality within the simulation of reality that we all ‘exist’ if you subscribe to the hypothesis popularised by Elon Musk recently…). I digress.
So let’s just remind ourselves for now tha... Continue reading
May 25, 2017
When it comes to creating visualizations on the web D3 is often your first port of call. Whether by putting together a custom creation from scratch, or making use of one of the many charting libraries and examples available.
The former, creating visualizations myself using the low-level functionality provided by D3, is my area of interest. In particular I'm interested in doing this over-and-over again. As with any other type of software development I'm involved with, I'm looking to make a trade-off be... Continue reading
MEASURING THE THING ITSELF
May 18, 2017
I read Nikesh Patel’s engaging article Superflat with interest. Nikesh laments the focus on gilt yields and argues instead for a ‘time consistent flat discount rate’ to value pension schemes. It is always welcome to see discussion on alternatives to the current valuation methodology – marking £tr’s of pension liabilities to a tiny (by comparison) index linked gilt market has unintended consequences which Nikesh articulates well.
To my mind asset prices remain the right place to start. We need to be smarter though about how we choos... Continue reading
SOLVING THE PENSIONS CONUNDRUM
December 06, 2016
Many thanks to Bloomberg Intelligence for hosting their conference ‘Solving the Corporate Pension Conundrum’ yesterday. We met a few new faces amongst some old friends and the talks and conversations were thought provoking.
It is becoming increasing evident that marking-to-the-gilt-market is all very well as a point of reference but must be viewed in the broader market context. One slide from the engaging Jon Hatchett showed the relative decline since QE in gilt yields (staggering) and other credit markets (broadly flat) and shouts... Continue reading
DARING TO OPEN UP THE BLACK BOX
July 14, 2015
Financial Canvas T6 Managing Model Risk from Sciurusly on Vimeo.
Congratulations to the members of the Institute of Actuaries Model Risk Working Party on their excellent, thought provoking paper: Model Risk – Daring to open up the black box.
The opening catalogue of $bn losses should attract attention and the subsequent analysis warrant further soul searching….
Is your organisation running the right amount of Model Risk? Do you understand the models that you are using? We offer below our brief overview of some high... Continue reading
DREAD-TENNIS AND THE CURSE OF THE GIANT KILLERS…
July 06, 2015
10:30am. Sunny Saturday morning in SW19.
An expectant hush as the crumpled tennis fans who’ve been queuing since Friday afternoon wait for the gates to open and the charge to the unreserved seating on court 3. Why? Dismissing the fare on the show courts, everybody wants to see Dustin Brown, conqueror of Nadal and self-styled creator of ‘dred-tennis’…
We were too slow and opted for Court 2. A thrilling game with Muguruza dominating Kerber and the first point in the tie break vyi... Continue reading
WHAT IS A GOOD ESG ANYWAY?
June 05, 2015
We’ve received a lot of reaction to our latest post about Economic Scenario Generators which has spurred us on to ask you all what you really want from your asset models.
Does ‘arbitrage free’ keep you awake at night? Do you wait 6 weeks for scenarios – that don’t do what you want? Please take a few moments to complete our online survey and post a comment with the most important feature of a good ESG to YOU!
We’ll feedback next time and if you would like us to send you a copy of the results then please complete your detai... Continue reading
SPENDING TOO LONG CALIBRATING ESGS? WHY? DON’T!
June 04, 2015
One thing keeps coming up in conversations with clients in the pensions and insurance industry…
“We’re spending too long – and too much money – trying to calibrate complicated ESGs to our capital market views”
Why is this happening?
Partly it is because yield curves are close to zero and traditional models struggle to cope. Adding the required volatility is difficult and can result in unsatisfactory distributions.
We also see complicated models being bent and distorted to meet real world views. &... Continue reading