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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Threats & Opportunities
  • Investment income grew over the period, aided by significant quantitative easing activity
  • By 2018, automatic pension enrolment should be completely phased in
  • ... purchase to read more

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. How.. purchase to read more

Additional Insights for the Pension Funding Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pension Funding Industry are

  • Economies of scale
  • Economies of scope
  • Must comply with government regulations
  • IBISWorld analysts also discuss how external factors such as FTSE 100 and year bond rate in the Pension Funding industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    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


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • FTSE 100
  • year bond rate
  • Gross national savings rate
  • National unemployment rate
  • Population aged 65 years and over
  • Current Performance
  • Income from investments
  • Contribution flows
  • Volatile margins
  • Pension scheme changes
  • Chart: Revenue Growth
  • Industry Outlook
  • Pension contributions
  • Investment income
  • Industry profitability
  • Legislative changes
  • Table: Pension Funding Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pension Funding Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Insurance Agents & Brokers
  • Consumers
  • Key Selling Industries
  • Fund Management Activities
  • Life Insurance
  • Other Activities Auxiliary to Insurance and Pension Funding
  • Products & Services
  • Defined benefit schemes
  • Defined contribution schemes
  • Chart: Pension Funding Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Occupational pension schemes
  • Personal pension schemes
  • Chart: Major Market Segmentation for the Pension Funding Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Net growth (profit)
  • Benefit payments
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Pension Funding
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pension Funding Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Pension Funding Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Pension Funding Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Benefit
  • Any payment made to beneficiaries.
  • Contribution
  • Money paid into pension schemes by employees and employers.
  • Defined Benefit Scheme
  • A pension scheme under which benefits are determined by the value of assets when members retire.
  • Defined Contribution Scheme
  • A pension scheme under which benefits are determined by the member's salary and the length of their tenure upon retirement.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Pension Funding:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Pension Funding market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Pension Funding, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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