Industry Analysis & Industry Trends
The Pension Funding industry provides an income for those that no longer work. Although the UK pension system comprises both a mandatory state component and a private component, the Pension Funding industry excludes the state pension component. Industry revenue, which is calculated by combining contributions and investment returns, increased over the past five years having declined during the start of the period. Contributions declined during the first year of the period on account of high levels of unemployment and falling real incomes. However, contributions increased during the following years, fuelled by the phased introduction of automatic enrolment in pension schemes, which began in October 2012... 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 9.2% of the industry's total assets under management in 2015-16. 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