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How do CDC pension schemes smooth members' pensions?

Friday 23 September 2022 12:30

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In the UK, the idea of collective defined contribution (CDC) pension schemes is gaining more attention with the launch of the Royal Mail CDC scheme, the first of its kind in the UK. Our recent research on CDC plans investigates the sources of the putative benefits of CDC schemes: the smoothing of pensions for members.  Using an attribution analysis to burrow into the scheme design, the reason for the smoothing of members' pensions is explained and understood.

(This webinar is part of the ARC Future Pensions research:


Professor Catherine Donnelly

Catherine Donnelly is a Professor in the Department of Actuarial Mathematics and Statistics at Heriot-Watt University and is Director of the Risk Insight Lab. She is a qualified actuary who has previously worked in the pensions industry. Catherine has a PhD from the University of Waterloo, Canada, an MSc from the University of Oxford and a MA from the University of Cambridge. Her research interests lie in pensions and life insurance, and she has published widely in these areas. She was a member of the USS Joint Expert Panel in 2018.  Prof. Donnelly has a keen interest in developing workable solutions to improve people’s financial situation in retirement.

Event organiser

Contact Danielle Wyld for more information.

+44 (0) 20 7632 2133

Pricing information

Members £0.00
Non-Members £45.00
Student Members £0.00


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