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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 2013

Age-old challenges: Funds will benefit from legislative changes, but there are underlying problems

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
£108bn
Annual Growth 09-14
4.8%
Annual Growth 14-19
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Profit
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Employment
95,215
Businesses
54,222
Industry Analysis & Industry Trends

The Pension Funding industry gives those that no longer work an income. 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 challenging conditions over the past five years. Since the onset of the financial crisis in 2008, financial markets have remained highly volatile, resulting in investment returns fluctuating. At the same time, voluntary contributions have fallen. Despite these pressures, industry revenue – calculated as the change in investment income plus contributions – is expected to increase at a compound annual rate of 4.8% over the five years through 2013-14... purchase to read more

Industry Report - Industry Products Chapter

The pension system provides replacement income for people no longer earning an income. The UK pension system is made up of a mandatory state component and a private component. State pensions are not covered by the industry.

The private pension system is composed of occupational pensions, which are provided by employers, and personal pensions. Contributions to occupational pensions are paid by either employers alone or both employers and employees. Occupational schemes are provided by companies in both the private and public sector. Personal pensions are funded entirely by an individual's contributions.

Pension schemes generally take one of two forms: defined benefit (DB) or defined contribution (DC) schemes... 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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