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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 | Oct 2015

Contributing to growth: Improving investment returns should support industry expansion

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
£123bn
Annual Growth 11-16
2.9%
Annual Growth 16-21
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Profit
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Employment
101,013
Businesses
54,765
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 - Starting a New Business Chapter

The Pension Funding industry has moderate barriers to entry. Barriers are higher for occupational schemes, which require employees to make contributions.

Economies of scale

Scale is important in the industry. Larger funds enjoy substantial economies of scale with regards to investment options and fund expenses. These funds have the capacity to invest in asset classes such as commercial property and alternative investments, which may be beyond the reach of smaller funds. Larger pension funds also exhibit lower average costs per member given that fixed costs can be distributed more evenly, as opposed to smaller funds that cannot spread the burden of managing a pension fund as successfully as a larger fund... 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 from this industry.

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


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