Research and Markets: Pension Insurance in the UK, Key Trends and Opportunities to 2017

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/5bjt68/pension_insurance) has announced the addition of the "Pension Insurance in the UK, Key Trends and Opportunities to 2017" report to their offering.

The defined contribution (DC) pensions market recorded a growth of 9.0% in terms of new business premiums in 2010, expanding at 5.6% and 7.7% respectively during 2011 and 2012. The growth was attributed to the declining membership of private-sector occupational defined benefit (DB) schemes, improving stock market returns and labor market conditions, as well as a rise in the minimum pension age and the state pension age (SPA).

New business premiums paid into individual and workplace pension DC schemes declined by 11.7% in 2008, dropping further by 17.9% in 2009. The recession severely damaged the ability of individuals to save for retirement. Employers were further discouraged to make contributions on behalf of their employees as they recorded a contraction in their finances. High charges eroding the value of pension pots and low annuity rates continued to serve as disincentives to save into a pension. The DC pensions market remained resilient, however, posting a compound annual growth rate (CAGR) of 0.45% during the review period (2008 and 2012).

The market faced opposing dynamics as individual personal pensions new business declined at a CAGR of 6.1% between 2008 and 2012, whereas new business premiums paid into workplace DC pensions schemes grew at a CAGR of 7.7% over the same period. The growth in workplace pensions was attributed to the increased popularity of group personal (or contract-based) pensions (GPPs), far less onerous to run than occupational (trust-based) schemes.

Reasons To Buy

- Gain an understanding of the UK pensions market size.

- Explore the market dynamics across individual and workplace pension categories.

- Learn about the performance of market drivers and distribution channels.

- Understand the competitive landscape and key pensions propositions.

- Find out more about key deals and recent developments in the market.

Key Topics Covered

  1. Executive Summary
  2. Introduction
  3. Competitive Landscape
  4. Porter's Five Forces Analysis
  5. Deals and News
  6. Regulation and Compliance
  7. Economic Backdrop
  8. Company Profiles
  9. Statistics
  10. Appendix

Companies Mentioned

  • Aegon UK
  • Aviva
  • Legal and General
  • Lloyds Banking
  • Old Mutual
  • Prudential
  • Royal London
  • St James's Place UK
  • Standard Life
  • Zurich Financial Services

For more information visit http://www.researchandmarkets.com/research/5bjt68/pension_insurance

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Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance

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Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance