Catherine Donnelly

Associate Professor, School of Mathematical & Computer Sciences
Associate Professor, School of Mathematical & Computer Sciences, Actuarial Mathematics & Statistics
Associate Professor, Research Centres and Themes, Centre for Finance & Investment

EmailC.Donnelly@hw.ac.uk

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Personal profile

Research interests

Can we improve pensions savings outcomes for our society? Can a group of people be financially better off in retirement by pooling their savings together and sharing their risks, rather than individually investing their money? Can this be done in a transparent way, so that it is understood by the people in the group? My current interests are to propose and analyse ways in which a group of people can share their risks, with a focus on sharing their investment and mortality risks. Other interests of mine, which are closely related to this topic, are

Annuities.
Life insurance.
Pension funds.
Portfolio optimization.
Quantitative risk management.

Biography

After my undergraduate degree at the University of Cambridge, I worked for several years in the pensions industry in the U.K. in both pensions and investment consultancy roles. I returned to university to do a Masters degree at the University of Oxford, followed by a PhD at the University Of Waterloo, Canada. After a couple of years as a postdoctoral researcher at RiskLab, ETH Zurich, Switzerland, I took up a lecturing position at Heriot-Watt in 2011.

Fingerprint Dive into the research topics where Catherine Donnelly is active. These topic labels come from the works of this person. Together they form a unique fingerprint.

Annuities Business & Economics

Costs Business & Economics

Wealth Business & Economics

Pensions Business & Economics

Pricing Business & Economics

Mortality risk Business & Economics

Regime switching Business & Economics

Retirement Business & Economics

Co Author Network Recent external collaboration on country level. Dive into details by clicking on the dots.

Research Output 2010 2019

17 Article
1 Conference contribution
1 Chapter (peer-reviewed)

Modern tontine with bequest: Innovation in pooled annuity products

Bernhardt, T. & Donnelly, C., May 2019, In : Insurance: Mathematics and Economics. 86, p. 168-188 21 p.

Research output: Contribution to journal › Article

Pensions

Bequests

Innovation

Proportion

Annuities

Implementing individual savings decisions for retirement with bounds on wealth

Donnelly, C., Guillen, M., Nielsen, J. P. & Pérez-Marín, A. M., Jan 2018, In : ASTIN Bulletin: The Journal of the IAA. 48, 1, p. 111-137

Research output: Contribution to journal › Article

Retirement

Pensions

Wealth

Savings

Wealth distribution

A discussion of a risk-sharing pension plan

Donnelly, C., 14 Feb 2017, In : Risks. 5, 1, 12.

Research output: Contribution to journal › Article

Open Access

File

Pension plans

Risk sharing

Defined contribution plan

Investment strategy

Disappointment

Product options for enhanced retirement income

Donnelly, C. & Young, J., 2017, In : British Actuarial Journal. 22, 3, p. 636-656 21 p.

Research output: Contribution to journal › Article

Open Access

File

Income

Retirement income

Assets

Mortality risk

Smoothing

Fundamentals of cost and risk that matter to pension savers and life annuitants

Donnelly, C., Guillen, M. & Nielsen, J. P., 2016, Retirement system risk management: Implications of the New Regulatory Order. Mitchell, O. S., Maurer, R. & Orszag, J. M. (eds.). 1 ed. Oxford University Press, p. 171-185 15 p.

Research output: Chapter in Book/Report/Conference proceeding › Chapter (peer-reviewed)

Pensions

Costs

Investors

Wealth

Expected returns