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Targeting Pensioners in Financial Services 2025

Publisher GlobalData
Published Sep 04, 2025
Length 45 Pages
SKU # GBDT20418504

Description

Targeting Pensioners in Financial Services 2025

Summary

This report looks at the absolute size of the market in different markets and regions, finding that developed countries have significantly higher numbers of retirees and soon-to-be retirees. In emerging markets, the majority of retirees and soon-to-be retirees are low-affluence consumers. The age and wealth status of soon-to-be retirees makes them easy to target based on the milestones they will experience and their financial needs, namely borrowing, investing, and saving. Soon-to-be retirees are regular users of all channels, especially online, mobile, and in-person banking. This report also addresses the retirement needs and characteristics of high-net-worth individuals, looking at channels and investments for succession and wealth planning.

As the global age profile shifts, countries face urgent challenges in designing inclusive, long-term strategies for aging populations. Developed markets are aging rapidly, while emerging markets still skew younger. This demographic divide creates two distinct opportunities: retirement income and wealth transfer solutions in mature economies, as well as early-stage retirement planning in growth markets. Younger populations in emerging economies represent a chance to capture long-term customer relationships early, using digital retirement planning tools and flexible savings products.

Scope
  • The mass market makes up a significant proportion of those aged 50 and older, highlighting the persistent challenge of limited wealth accumulation before retirement.
  • High-net-worth individuals are skewing significantly older than the wider population, creating a strong and sustained demand for pension and retirement planning services.
  • As individuals transition into retirement, their engagement with financial products and investment holdings declines sharply, highlighting the need for banks to adapt their strategies to maintain relevance and drive continuous engagement.
  • While today’s retirees may not prioritize environmental, social, and governance (ESG), tomorrow’s retirees, particularly Gen X and younger cohorts, will expect their pensions and investment products to reflect their values.
  • Retirees value face-to-face engagement, holistic financial services, and the reassurance of a trusted advisor. Although, while retirees continue to rely heavily on in-person channels for investment communications, a gradual rise of mobile usage signals a generational shift that banks cannot ignore.
Reasons to Buy
  • Discover the size of the retiree markets around the world.
  • Understand how to best reach out to retirees and soon-to-be retirees with tailored products and services.
  • Understand which channels they prefer when communicating with financial services providers.
  • Learn what retirees value in a financial services provider.

Table of Contents

45 Pages
  • Executive summary
    • Geographic trends - Average age of retirement per country
    • Aging global population creating greater demand for retirement products
    • Proportion of individuals actively preparing for retirement on the rise
    • Affluence breakdown shows need for more retirement solutions and accessibility
    • Soon-to-be retirees’ affluence breakdown across three key markets shows products must vary from market to market to cater to particular client needs
    • Financial education key to boosting retirement funds in emerging markets
    • Soon-to-be retirees are more open to innovative products than the total market
    • Offering personalized financial advice essential to creating long-term relationships
    • Great opportunity in developing markets to create strong banking relationships
    • Ripple effect as Trump disrupts the largest pension market in the world
    • Capturing individuals young provides more opportunities for cross-selling when older
    • Targeting HNW individuals with retirement products is the gateway to acquiring them
    • Strong demand for pension planning among HNW individuals
    • Good opportunity in Türkiye, India, and New Zealand for HNW expat retirement products
    • Targeting HWN entrepreneurs creates opportunity for succession planning
    • Pension penetration highest among the mass affluent
    • Product holdings decreases significantly among retires
    • Trump shifts retirement propositions to include alternative investments
    • As clients transition into retirement, their financial priorities and product preferences shift
    • Products allowing retirees to unlock liquidity are an opportunity in high ownership markets
    • Premium accounts a way to access soon-to-be retirees
    • Financial education and saving products key to reducing investment deterrents
    • Future-proofing retirement products means balancing returns with ESG values
    • Channel usage of retirees and soon-to-be retirees is mainly digital
    • Human-led investment channels remain critical for the retirement segment
    • In-person channels are indispensable to retirees’ relationships with providers
    • DBS is a leader in ESG solutions
    • Robo-advisor retirement offerings improve accessibility for millions
    • HSBC is a notable competitor in the expat retirement space
    • Digital providers in the pension space apply pressure to traditional providers
    • Next steps
  • Appendix

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