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Tuesday 22 September 2015

Pensions in the UK - Key Trends and Opportunities to 2019

Synopsis
The report provides market analysis and insights into the UK pensions business.
It provides a snapshot of the market size and market segmentation.
It analyzes drivers, regulatory changes and the outlook for the market.
It provides analysis of distribution channels for pension products.
It also discusses key competitors and the impact of the new regulations on them.

Executive summary

This report is the result of extensive research into the pensions market in the UK, covering its market dynamics, outlook and competitive landscape. It provides details of the market size and projections of new business premiums, and explores the impact of the latest government reforms on pension providers. The report also provides an overview of leading companies, discusses the types of pension schemes and distribution channels for pension products.

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Scope

This report provides a comprehensive analysis of the pensions market in the UK.
It provides estimates for new business premiums for the report’s 2010–2014 review period and the outlook for the market.
It provides analysis of growth opportunities in the pensions market.
It discusses changes in the pensions industry with regards to distribution.
It profiles top pension providers and outlines key challenges facing them.

Reasons to buy

Gain an understanding of the UK pensions market and the types of pension schemes.
Explore market dynamics across individual and workplace pension categories.
Learn about the key trends expected to shape the future direction of the market.
Understand key issues for advisers in the post-budget retirement landscape.
Find out more about the new pension rules and their impact on pension providers.

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Key highlights
What was the new business premium dynamics in the UK pensions market?
What is the progress of small and medium-sized employers with auto-enrolment?
Will the new pension rules create more incentives for people to save?
How did providers perform in the individual and workplace pension categories?
What are the key factors expected to shape the future of the pensions market?

Table of Contents

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Market Analysis

3.1 Market Size
3.1.1 Individual personal pensions
3.1.2 Workplace pensions
3.2 Individuals Contributing to Personal Pension Schemes
3.3 Active Members of Occupational Pension Schemes
3.3.1 Active members of occupational pension schemes, by sector and benefit structure
3.3.2 Active members of occupational pension schemes, by benefit structure and status
3.4 Workplace Pension Scheme Membership
4 Market Drivers

5 Market Outlook

6 Distribution Channels

7 Competitive Landscape

7.1 Review – The Best Performers of 2014
8 Regulation and Compliance
8.1 Regulatory Framework
8.2 Regulatory Changes
8.2.1 New retirement options available from April 2015
8.2.2 55% pensions ‘death tax’ abolished
8.2.3 Pensions tax relief cut for high earners
8.2.4 Lifetime allowance to be reduced
8.2.5 Secondary annuity market delayed until 2017
8.2.6 New flat-rate (single-tier) state pension to be introduced from April 2016
8.2.7 Contracting out to be abolished from April 2016
8.2.8 Auto-enrolment and Nest
8.2.9 Automatic small pot transfers confirmed for Autumn 2016
8.2.10 Pension charges capped at 0.75% from April 2015
8.2.11 Consultancy charges banned from April 2015

9 Economic Backdrop
9.1 Real GDP Growth
9.2 Demographics
9.2.1 Aging population
9.2.2 Old age dependency ratio
9.3 Labor Market
9.4 GDP per Capita and Household Disposable Income
10 Company Profiles

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About ResearchMoz

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