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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 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

 


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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