Retirement Solutions Market in US

Published by: RNCOS

Published: Jun. 1, 2008 - 60 Pages

Table of Contents

1. Analyst View

2. US Retirement Solutions Market - An Overview

3. Attractants for US Retirement Solutions Market

3.1 Mortality Pulse

3.2 Life Expectancy

3.3 Old-age Population

3.4 Healthcare Cost

4. Market Performance

4.1 Individual Retirement Accounts

4.1.1 Traditional Plans

4.1.2 SEP & SAR-SEP Plans

4.1.3 Roth Plans

4.1.4 SIMPLE Plans

4.2 Defined Contribution Plans

4.2.1 401(k) Plans

4.2.2 403(b) Plans & 457 Plans

4.2.3 Others

4.3 Private Defined Benefit Plans

4.4 Government Pension Plans

4.5 Annuities

4.5.1 Individual Annuities

4.5.2 Group Annuities

4.5.3 Supplementary Contracts

4.5.4 Performance - By State

4.5.5 Performance - By Company

5. Future Outlook

5.1 Individual Retirement Accounts

5.2 Private Defined Benefit Plans

5.3 Defined Contribution Plans

5.4 Government Pension Plans

5.5 Annuities

5.5.1 Individual Annuities

5.5.2 Group Annuities

5.5.3 Supplementary Contracts

6. Growth Prospects

6.1 IT Market

6.2 Long-term Care Insurance

6.3 Investment Bankers & AMCs

6.4 Advertising Media

6.5 Employment

7. Growth Blockers

7.1 Underestimating Life Expectancy

7.2 Healthcare Cost

7.3 Retirees’ Assumption that They Can Work

List of Figures:

Figure 2-1: US - Retirement Plan Assets* (in Trillion US$), 2002-2007E

Figure 3-1: US - Age-adjusted Death Rate by Gender (per ‘000 Population), 2001-2006E

Figure 3-2: US - Life Expectancy at Variable Age by Gender (in Year), 2004

Figure 3-3: US - Forecast for Population in the Age Group of 65 Years & Above (in Million), 2000*, 2010, 2020 & 2030

Figure 3-4: US - Per Capita Healthcare Spending by Age Group (in US$), 2005

Figure 4-1: US - Individual Retirement Account Assets (in Trillion US$), 2002-2007E

Figure 4-2: US - Individual Retirement Account Assets by Institution (%), 2007

Figure 4-3: US - Traditional Plan Assets (in Billion US$), 2002-2006E

Figure 4-4: US - SEP & SAR-SEP Plan Assets (in Billion US$), 2002-2006E

Figure 4-5: US - Roth Plan Assets (in Billion US$), 2002-2006E

Figure 4-6: US - SIMPLE Plan Assets (in Billion US$), 2002-2006E

Figure 4-7: US - Defined Contribution Plan Assets (in Trillion US$), 2002-2007

Figure 4-8: US - Breakup of Defined Contribution Plan Assets (%), 2007E

Figure 4-9: US - Defined Contribution Plan Assets by Institution (%), 2007

Figure 4-10: US - 401(K) Plan Assets (in Billion US$), 2002-2007E

Figure 4-11: US - 403(b) Plan & 457 Plan Assets (in Billion US$), 2002-2007

Figure 4-12: US - Other Defined Contribution Plan* Assets (in Billion US$), 2002-2007

Figure 4-13: US - Private Defined Benefit Plan Assets (in Trillion US$), 2002-2007

Figure 4-14: US - Government Pension Plan* Assets (in Trillion US$), 2002-2007

Figure 4-15: US - Annuity Consideration (in Billion US$), 2003-2007E

Figure 4-16: US - Breakup of Net Premium Receipts of Life Insurers (%), 2006

Figure 4-17: US - Annuity Reserves (in Billion US$), 2003-2006

Figure 4-18: US - Annuity Benefit Payments (in Billion US$), 2003-2006

Figure 4-19: US - Individual Annuity Consideration (in Billion US$), 2003-2007E

Figure 4-20: US - Individual* Annuity Consideration by Frequency of Receipts (%), 2006

Figure 4-21: US - Individual Annuity Reserves (in Billion US$), 2003-2006

Figure 4-22: US - Individual Annuity Benefit Payments (in Billion US$), 2003-2006

Figure 4-23: US - Group Annuity Consideration (in Billion US$), 2003-2007E

Figure 4-24: US - Group Annuity Consideration by Frequency of Receipts (%), 2006

Figure 4-25: US - Group Annuity Reserves (in Billion US$), 2003-2006

Figure 4-26: US - Group Annuity Benefit Payments (in Billion US$), 2003-2006

Figure 4-27: US - Supplementary Contract Consideration (in Billion US$), 2003-2007E

Figure 4-28: US - Supplementary Contract Reserves (in Billion US$), 2003-2006

Figure 4-29: US - Supplementary Contract Benefit Payments (in Billion US$), 2003-2006

Figure 5-1: US - Forecast for Individual Retirement Account Assets (in Trillion US$), 2008-2012

Figure 5-2: US - Forecast for Private Defined Benefit Plan Assets (in Trillion US$), 2008-2012

Figure 5-3: US - Forecast for Defined Contribution Plan Assets (in Trillion US$), 2008-2012

Figure 5-4: US - Forecast for Government Pension Plan Assets (in Trillion US$), 2008-2012

Figure 5-5: US - Forecast for Individual Annuity Consideration (in Billion US$), 2008-2012

Figure 5-6: US - Forecast for Group Annuity Consideration (in Billion US$), 2008-2012

Figure 5-7: US - Forecast for Supplementary Contract Consideration (in Billion US$), 2008-2012

Figure 6-1: US - Annuity Market Spending on IT (in Billion US$), 2005, 2007, 2009F & 2011F

Figure 6-2: US - Breakup of Annuity Market Gross Investment Income (%), 2006

List of Tables:

Table 4-1: US - Annuity Benefit Payments by State (in ‘000 US$), 2006

Table 4-2: US - Net Individual Annuity Consideration of Top Life Insurers (in ‘000 US$), 2006

Table 4-3: US - Net Group Annuity Consideration of Top Life Insurers (in ‘000 US$), 2006

Abstract

• Defined Contribution (DC) and IRA (Individual Retirement Accounts) accounts for the majority of retirement assets in the US and are predicted to see significant growth in future.
• Consideration for individual and group annuities is anticipated to grow at a CAGR of about 11% and 5% respectively for the period 2008 to 2012.
• Defined Benefits (DB) and government plans assets are predicted to grow at a CAGR of about 7.75% and 9% respectively during the forecast period.
• Improving life expectancies and mortality rates are the main driving factors of the retirement solutions markets in the US.
• US retirement solutions market offers huge scope for IT solution providers to improve their existing level of operating efficiency.
• Underestimating life expectancy, overlooking rising health care costs and retirees assumption that they can work are some of the main roadblocks for the market.

• What are the various types of retirement solutions available in the US?
• What factors are driving the retirement solutions market in the country?
• How is the market performing currently and how it will perform in coming years?
• Which is the fastest growing product in retirement solutions market?
• Which factors are hampering the growth of the retirement solutions market?
• What are other markets which would be benefited by growth in retirement solutions market?

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