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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

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
£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 Investment Chapter

The Pension Funding industry is estimated to have a low level of capital intensity, measured by the capital-to-labour ratio. This ratio is estimated to be 1:22 in 2016-17, meaning that £22.00 is spent on labour for every £1.00 spent on capital. IBISWorld research shows that the level of capital intensity has remained low over the past five years.

The primary focus of capital expenditure in the industry is information and communication technologies. However, the need for skilled investment professionals far outweighs the need for capital. Although the industry has a low level of capital intensity, labour is also a relatively small expense to pension funds because many pension funds outsource the management of their assets to external fund managers... 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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