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 Analysis Chapter
The Pension Funding industry plays a vital role in giving Britons financial security. Many people consider the state pension alone too little to live on, so most rely on either an occupational or personal pension to provide for their retirement.
The industry has endured a turbulent and transformative five years. Weak economic conditions in many countries following the global financial crisis, problems in the eurozone, recent slowing growth in emerging countries, low interest rates and loose monetary policy, and investor uncertainty have all contributed to volatility in financial markets for much of the past five years, causing asset returns to fluctuate drastically... purchase to read more