Introduction
Examines the UK Individual, Group & Occupational pensions markets using ABI data to identify the key trends in new business between 2000 and 2004. Competitors are identified and occupational pensions assets sized. Datamonitor's qualitative and quantitative forecasts to 2008 are given as well as Datamonitor's view of the pensions market in 2050, potential policy options & outcomes for providers.
Scope
* The report sizes the Group and Individual Pensions market using ABI data and provides details of the distribution of these products
* It sizes the value of Occupational pension assets, split by Defined Benefit and Defined Contribution
* Datamonitor's qualitative and quantitative forecasts for the Group and Individual pensions markets and distribution of products between 2004 & 2008
* Datamonitor's view of the pension landscape in 2050 is presented, setting out potential government policy options & their implications for providers
Highlights
The top five players in the pensions market hold over 50% of the market between them and are the ones who drive product pricing and the mainstream trends in product development in the market.
With 'A-day' reducing the complexity of pension products in the market in 2006, providers will increasingly have to emphasize service in order to differentiate their products.
Increasing the age at which people receive their state pension would be positive for the private pension market because those who still wish to retire at 65 will have to make private provision.
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