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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 2016

Contributions benefit: Automatic enrolment and increased employer contributions support growth

The Pension Funding market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£126bn
Annual Growth 12-17
4.8%
Annual Growth 17-22
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Profit
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Employment
36,218
Businesses
54,875
Industry Analysis & Industry Trends

The industry only includes private pensions and excludes state pensions. Industry revenue, which is calculated by combining contributions and investment returns, increased over the past five years. The increase in contributions was fuelled by the phased introduction of automatic enrolment in pension schemes, which began in October 2012. Unemployment levels also fell, which supported the industry because contributions to occupational pension schemes tend to rise when more people are in work. Nevertheless, the Retail Distribution Review, which came into effect in 2013, is expected to have constrained the increase in contributions. Investment income grew over the period, despite some volatility, aided by significant quantitative easing activity... purchase to read more

Industry Report - Industry Key Buyers Chapter

The level of concentration in the Pension Funding industry is low, because the top four major players are estimated to account for only 10% of the industry's total assets under management. The level of concentration has remained low over 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, and none have a share of more than 5% in terms of assets under management.

The level of concentration is expected to increase marginally over the next five-year period. This is partly due to the introduction of automatic enrolment in October 2012, which made employers contributions mandatory. Pot.. 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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