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Pensions in the UK - Key Trends and Opportunities to 2019

Pensions in the UK - Key Trends and Opportunities to 2019

Synopsis

This report is the result of extensive research into the pensions market in the UK, covering its market dynamics, outlook and competitive landscape. It provides details of the market size and projections of new business premiums, and explores the impact of the latest government reforms on pension providers. The report also provides an overview of leading companies, discusses the types of pension schemes and distribution channels for pension products.

Summary

  • The report provides market analysis and insights into the UK pensions business.
  • It provides a snapshot of the market size and market segmentation.
  • It analyzes drivers, regulatory changes and the outlook for the market.
  • It provides analysis of distribution channels for pension products.
  • It also discusses key competitors and the impact of the new regulations on them.
Scope
  • This report provides a comprehensive analysis of the pensions market in the UK.
  • It provides estimates for new business premiums for the report’s 2010–2014 review period and the outlook for the market.
  • It provides analysis of growth opportunities in the pensions market.
  • It discusses changes in the pensions industry with regards to distribution.
  • It profiles top pension providers and outlines key challenges facing them.
Reasons To Buy
  • Gain an understanding of the UK pensions market and the types of pension schemes.
  • Explore market dynamics across individual and workplace pension categories.
  • Learn about the key trends expected to shape the future direction of the market.
  • Understand key issues for advisers in the post-budget retirement landscape.
  • Find out more about the new pension rules and their impact on pension providers.
Key Highlights
  • What was the new business premium dynamics in the UK pensions market?
  • What is the progress of small and medium-sized employers with auto-enrolment?
  • Will the new pension rules create more incentives for people to save?
  • How did providers perform in the individual and workplace pension categories?
  • What are the key factors expected to shape the future of the pensions market?


  • Executive Summary
  • Introduction
    • What is this Report About?
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Market Analysis
    • Market Size
      • Individual personal pensions
      • Workplace pensions
    • Individuals Contributing to Personal Pension Schemes
    • Active Members of Occupational Pension Schemes
      • Active members of occupational pension schemes, by sector and benefit structure
        • Table UK Active Members of Occupational Pension Schemes, by Sector and Benefit Structure (Millions), 2000-2013
      • Active members of occupational pension schemes, by benefit structure and status
    • Workplace Pension Scheme Membership
  • Market Drivers
  • Market Outlook
  • Distribution Channels
  • Competitive Landscape
    • Review - The Best Performers of 2014
  • Regulation and Compliance
    • Regulatory Framework
    • Regulatory Changes
      • New retirement options available from April 2015
      • 55% pensions `death tax' abolished
      • Pensions tax relief cut for high earners
        • Table UK Pension Tax Relief Available for High Earners from April 2016
      • Lifetime allowance to be reduced
      • Secondary annuity market delayed until 2017
      • New flat-rate (single-tier) state pension to be introduced from April 2016
      • Contracting out to be abolished from April 2016
      • Auto-enrolment and Nest
        • Table UK Minimum Contribution Rates Under Auto-Enrolment (% of Qualifying Earnings)
      • Automatic small pot transfers confirmed for Autumn 2016
      • Pension charges capped at 0.75% from April 2015
      • Consultancy charges banned from April 2015
  • Economic Backdrop
    • Real GDP Growth
    • Demographics
      • Aging population
      • Old age dependency ratio
    • Labor Market
    • GDP per Capita and Household Disposable Income
  • Company Profiles
    • Aegon UK Plc - Company Overview
      • Aegon UK Plc - key facts
        • Table Aegon UK Plc - Key Facts
      • Aegon UK Plc - main products
        • Table Aegon UK Plc - Main Products
      • Aegon UK Plc - main competitors
      • Aegon UK Plc - key employees
        • Table Aegon UK Plc - Key Employees
    • Aviva Plc - Company Overview
      • Aviva Plc - key facts
        • Table Aviva Plc - Key Facts
      • Aviva Plc - main products
        • Table Aviva Plc - Main Products
      • Aviva Plc - main competitors
      • Aviva Plc - key employees
        • Table Aviva Plc - Key Employees
    • Axa UK Plc - Company Overview
      • Axa UK Plc - key facts
        • Table Axa UK Plc - Key Facts
      • Axa UK Plc - main products
        • Table Axa UK Plc - Main Products
      • Axa UK Plc - main competitors
      • Axa UK Plc - key employees
        • Table Axa UK Plc - Key Employees
    • FIL Life Insurance Ltd - Company Overview
      • FIL Life Insurance Ltd - key facts
        • Table FIL Life Insurance Ltd - Key Facts
      • FIL Life Insurance Ltd - main products
        • Table FIL Life Insurance Ltd - Main Products
      • FIL Life Insurance Ltd - main competitors
      • FIL Life Insurance Ltd - key employees
        • Table FIL Life Insurance Ltd - Key Employees
    • Legal & General Group Plc - Company Overview
      • Legal & General Group Plc - key facts
        • Table Legal & General Group Plc - Key Facts
      • Legal & General Group Plc - main products
        • Table Legal & General Group Plc - Main Products
      • Legal & General Group Plc - main competitors
      • Legal & General Group Plc - key employees
        • Table Legal & General Group Plc - Key Employees
    • Lloyds Banking Group Plc - Company Overview
      • Lloyds Banking Group Plc - key facts
        • Table Lloyds Banking Group Plc - Key Facts
      • Lloyds Banking Group Plc - main products
        • Table Lloyds Banking Group Plc - Main Products
      • Lloyds Banking Group Plc - main competitors
      • Lloyds Banking Group Plc - key employees
        • Table Lloyds Banking Group Plc - Key Employees
    • Old Mutual Plc - Company Overview
      • Old Mutual Plc - key facts
        • Table Old Mutual Plc - Key Facts
      • Old Mutual Plc - main products
        • Table Old Mutual Plc - Main Products
      • Old Mutual Plc - main competitors
      • Old Mutual Plc - key employees
        • Table Old Mutual Plc - Key Employees
    • St James's Place UK Plc - Company Overview
      • St James's Place UK Plc - key facts
        • Table St James's Place UK Plc - Key Facts
      • St James's Place UK Plc - main products
        • Table St James's Place UK Plc - Main Products
      • St James's Place UK Plc - main competitors
      • St James's Place UK Plc - key employees
        • Table St James's Place UK Plc - Key Employees
    • Standard Life Plc - Company Overview
      • Standard Life Plc - key facts
        • Table Standard Life Plc - Key Facts
      • Standard Life Plc - main products
        • Table Standard Life Plc - Main Products
      • Standard Life Plc - main competitors
      • Standard Life Plc - key employees
        • Table Standard Life Plc - Key Employees
    • The Royal London Group - Company Overview
      • The Royal London Group - key facts
        • Table The Royal London Group - Key Facts
      • The Royal London Group - main products
        • Table The Royal London Group - Main Products
      • The Royal London Group - main competitors
      • The Royal London Group - key employees
        • Table The Royal London Group - Key Employees
  • Statistics
    • Review Period 2010-2014
      • Table UK Pensions (Excluding Defined Benefit and Group Managed Fund Business) –New Business Premiums (GBP Thousand), 2010-2014
  • Appendix
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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