At a time when the looming pensions crisis is causing unprecedented change this report analyses the market for pensions in Europe, and sizes the assets held in pensions in each of the three pillars. It then forecasts the growth of these assets, and highlights which countries offer the most attractive opportunities to competitors going forward.
Scope
* 14 European countries are covered: Austria,Belgium,Denmark,Finland,France,Germany, Ireland,Italy, Netherlands,Norway,Spain,Sweden, Switzerland and UK
* Historic asset data for 1998-2003, and forecast data 2004-2008 is provided
* Asset figures are provided for: 1st pillar funded state pensions, 2nd pillar occupational pension schemes and 3rd pillar individual pension schemes
Highlights
The pensions market in Europe is at a point of unprecedented change, primarily due to aging populations. The result will create exciting new opportunities for competitors. Winners will be those that react to these changes fastest and this report will help them to do this.
The UK is by far the largest private pensions market in Western Europe by assets. The next biggest markets are the Netherlands, Germany and Switzerland, where occupation pension schemes cover nearly the whole workforce. All other European countries have smaller private pensions markets.
The Italian pension market will offer the strongest growth levels in Europe 2003-2008, however it is the German market with its combination of size and strong growth that is likely to be most attractive to competitors.