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Pension Funding in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Pension Funding Market Research Report | SIC K65.300 | Jun 2014

In funds: New legislation is changing the industry and encouraging take-up

IBISWorld’s Pension Funding market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£117bn
Annual Growth 10-15
4.2%
Annual Growth 15-20
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Profit
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Employment
97,976
Businesses
54,547
Industry Analysis & Industry Trends

The Pension Funding industry provides an income for those that no longer work. The UK pension system comprises a mandatory state component and a private component, but the Pension Funding industry excludes the state pension system. The industry has endured volatile conditions over the past five years. Financial markets have been turbulent since the onset of the financial crisis in 2008, so investment returns have fluctuated considerably. At the same time, voluntary contributions have come under pressure from rising unemployment and falling real incomes. However, automatic enrolment in pension schemes, which was introduced in October 2012, positively influenced contributions... purchase to read more

Industry Report - Industry Key Buyers Chapter

The level of concentration in the Pension Funding industry is low, as the top four participants are estimated to account for only 6.5% of the industry's total assets under management in 2014-15. The level of concentration has remained low during the past five years. The largest pension fund in term of assets under management is the BT Pension Scheme. Each of the top four funds account for only a small portion of the industry, since none has a share of more than 2% in terms of assets under management.

The level of concentration is expected to increase marginally over the coming five-year period. This is partly due to the introduction of automatic enrolment in October 2012, which made it mandatory for employers to make contributions... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Pension Funding Industry?

The Pension Funding industry provides retirement benefits for people no longer earning an income. The industry includes both occupational and personal pension schemes. State pensions are excluded.

Industry Products
Defined benefit schemesDefined contribution schemesHybrid schemes
 
Industry Activities
Operating occupational pension schemesOperating personal pension schemes


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