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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 | Dec 2014

In funds: New legislation is changing the industry and contributing to revenue growth

IBISWorld’s Pension Funding market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£116bn
Annual Growth 10-15
4.0%
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. 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 SWOT Analysis Chapter

The Pension Funding industry is in the growth phase of its life cycle. Reform of the pension system is restructuring the industry and increasing the awareness of the need to save for retirement is growing. From October 2012 onwards, the introduction of automatic enrolment and mandatory employer contributions will result in strong growth in contributions, industry revenue and industry value added. Other reforms of the pension system, including raising the state pension age, should also support industry growth and create incentives to increase voluntary contributions. The industry will become even more important in the long term as the population ages and state pensions prove inadequate to support most people in their retirement... 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 schemesHybrid schemes
 
Industry Activities
Operating occupational pension schemesOperating personal pension schemes


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