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. Voluntary contributions came under pressure due to high levels of unemployment and falling real incomes. However, automatic enrolment in pension schemes, which was introduced in October 2012, positively influenced contributions. Meanwhile, significant quantitative easing activity undertaken during the past five years, combined with historically low interest rates, propelled financial markets and stimulated investment returns, contributing to growth... 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 9% 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 terms of assets under management is the Universities Superannuation Scheme. Each of the top four funds account for only a small portion of the industry, since none has a share of more than 5% 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