Five Factors That Will Shape The Future Of The UK Pensions Market

Introduction

The pensions market in the UK is undergoing a period of immense upheaval, with Government regulation re-shaping the market. This brief examines the outlook for the pensions market and gives predictions for the future shape of the industry from the point of view of both providers and distributors.

Scope

• Identifies five key factors that will be key to the structure of the pensions market over the next ten years.
• Provides Datamonitor's forecasts for the future of key products in the UK pensions arena
• Examines the issues facing providers and distributors of pensions and identifies how they can position themselves to take advantage of the changes

Highlights

Even by the most conservative estimates, by 2050 the ratio of 65+ year olds to 20-64 years olds will increase from 27% to 48%, with even larger growth in disparity predicted by some.

SIPPs are set to be a key pension product in the future. Datamonitor forecasts that by 2010 SIPP sales will reach £516m.

Both providers and distributors need to rethink their customer offerings in order to fit in with the challenges of the new pension landscape.

Reasons to Purchase

• Understand the main challenges facing the UK pensions market over the coming years.
• Learn about Datamonitor's forecasts for key pensions products.