Occupational and Group Pensions - UK - June 2013Pension reforms are going to encourage much-needed innovation in the occup...
where Are The Auto-enrolment Opportunities For Pension Providers?will Master Trusts Come To Dominate The Market?how Will S...
swot Analysisfigure 17: Swot Analysis For Occupational Pensions Market, June 2013who’s Innovating?key Pointslack Of ...
figure 27: Forecast For New Insurer Administered Occupational Pension Premiums, 2007-17figure 28: Value Sales For New Insu...
channels To Marketkey Pointsfinancial Advisers Increase Their Role In The Regular-premium Occupational Pension Marketfigur...
figure 53: Type Of Employer, By Attitudes Towards Employer’s Role In Financial Planning, April2013consumers With No ...
appendix – Gpptotal Volume Of Regular And Single Premium Gpp Policiesfigure 66: Group Personal Pension Business In F...
figure 86: Most Common Attitudes Towards Managing Employer Pensions, By Demographics, April 2013figure 87: Next Most Commo...
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Industry Report:-Occupational and Group Pensions in UK published 2013 by MarketResearchreports.biz

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Pension reforms are going to encourage much-needed innovation in the occupational pension market.
Pension providers will have to create more efficient business models if they want to engage with employees on low wages
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Industry Report:-Occupational and Group Pensions in UK published 2013 by MarketResearchreports.biz

  1. 1. Occupational and Group Pensions - UK - June 2013Pension reforms are going to encourage much-needed innovation in the occupational pension market. Pensionproviders will have to create more efficient business models if they want to engage with employees on lowwages and SMEs and reap the rewards of auto-enrolment. Appealing to the mass market will have to involvestripping down internal systems and processes and re-engineering them from the consumer’s point ofview.table Of Contentintroductionabbreviationsexecutive Summarythe Marketinsurer-administered Business Will Continue To Risefigure 1: New Insurer-administered Occupational Pension Premiums, 2007-17figure 2: Forecast Of New Gpp Premiums, 2007-17market Factorsauto-enrolment Will Bring Growth Opportunities To The Marketrdr Will Make Adviser Charges More Transparentrecently Introduced Consultancy Charges Will Be Bannedcompanies, Products And Innovationsinnovationslarge Pension Providers Restructure For Auto-enrolmentthe Consumerconsumers Have Low Levels Of Savingsfigure 3: Amount Of Savings And Investments, April 2013db Schemes Remain The Most Common Form Of Occupational Pensionfigure 4: Ownership Of Financial Products, April 2013a Fifth Of Consumers Work In Small Businessesfigure 5: Type Of Employer, April 2013consumers Are Split As To Whether They Want Employers To Help With Financial Planningfigure 6: Attitudes Towards Employer’s Role In Financial Planning, April 2013consumers Have Low Levels Of Engagement With Their Workplace Pensionsfigure 7: Attitudes Towards Managing Employer Pensions, April 2013a Fifth Of Consumers Don’t Have A Company Pension Because They Can’t Afford Itfigure 8: Reasons For Not Owning An Employer Pension, April 2013what We Thinkissues In The MarketOccupational and Group Pensions - UK - June 2013
  2. 2. where Are The Auto-enrolment Opportunities For Pension Providers?will Master Trusts Come To Dominate The Market?how Will Simplicity Be Introduced To The Workplace Pensions Market?to What Extent Do Consumers Engage With Occupational Pensions?is There Consumer Demand For Employer-led Financial Services?trend Applicationincreasing Awareness To Manage Consumers Retirement Expectationsbring In The Expertsthe Next Generation Of Saversregulation And Legislationkey Pointsthe Auto-enrolment Rollout Has Begunfigure 9: Amount Of Auto-enrolment Contributions, May 2013impact Of Auto-enrolmentexpected Take-up And Opt-out Ratesfigure 10: Likelihood Of Opting Out Of Pension Auto-enrolment, July 2012kiwi Saver – A Working Example Of Auto-enrolmentthe Oft Takes A Closer Look At The Workplace Pension Marketthe Rdr Will Help To Make Workplace Pensions More Transparentban On Consultancy Charging Imminentsingle Tier Pension Introducedcontracting Outthe Pension Protection Fundmarket Driverskey Pointsthe Uks Ageing Population Will Put Strain On Retirement Incomefigure 11: Uk Population, By Age, 2010-35 (2010-based Projections)longer Life Expectancy Means People Will Have To Save Morefigure 12: Cohort Life Expectancy At Age 60, By Gender, 1981-2059consumers Will Work For Longerfigure 13: Proportion Of Active Members Of Private Sector Occupational Pension Schemes Which AllowMembers To Work Beyond Normal Pension Age, By Benefit Structure And Whether A Pension Can BeDrawn While Continuing To Work, 2011contribution Rates Remain Higher To Db Than Dc Schemesfigure 14: Weighted Average Contribution Rates To Private Sector Occupational Pensions Schemes, By SizeAnd Benefit Structure And Contributor (percentages), 2011pension Liabilities Set To Increasefigure 15: The Number Of Occupational Pensions In Payment, By Sector, 2012three Quarters Of Companies Offer Some Form Of Pension To Their Stafffigure 16: Proportion Of Employers Offering Benefits To All Employees, 2009-13Occupational and Group Pensions - UK - June 2013
  3. 3. swot Analysisfigure 17: Swot Analysis For Occupational Pensions Market, June 2013who’s Innovating?key Pointslack Of Innovation In The Marketplacemaster (or Super) Trusts Could Tackle Issue Of Job Mobilityworkplace Isas Give Consumers More Flexible Savings Optionsalternative Assets To Back Up Pension Fund Liabilitiesdefined Ambition And Cash Balance Schemesoccupational Scheme Membershipkey Pointsfewer Private Companies Offer Pension Benefitsfigure 18: Number Of Active Occupational Pension Scheme Members, Pensions In Payment And PreservedEntitlements – Uk, By Sector, 2007-11note On Double Countingprivate Sector Contributions Diminishingfigure 19: Number Of Active Private Sector Occupational Scheme Members – Uk, 1995-2011the Private Sector Moves Away From Db Schemes In Favour Of Dcfigure 20: Number Of Active Members Of Occupational Pension Schemes – Uk, By Status, SectorAnd Benefit Structure, 2011large Companies Are The Main Source Of Occupational Pensionsfigure 21: Number Of Active Members Of Private Sector Occupational Schemes (open And Closed) –Uk, By Size And Benefit Structure, 2011db Schemes Look To Minimise Costsfigure 22: Proportion Of Active Members Of Private Sector Db Occupational Pension Schemes, By ChangesMade To The Scheme Since April Of The Previous Year, 2009-11dc Schemes Become More Accessible, Ready For Auto-enrolmentfigure 23: Proportion Of Active Members Of Private Sector Dc Occupational Pension Schemes, By ChangesMade To The Scheme Since 6 April Of Previous Year, 2009-11market Size And Forecastkey Pointsinsurer-administered Occupational Pension Marketnew Regular-premium Contracts Declined By 12% In 2012figure 24: New Insurer-administered Occupational Pension Business (volume And Value), 2007-12regular Premiums Fall In Preparation For Auto-enrolmentfigure 25: New Insurer-administered Occupational Pension Premiums, By Sub-sector, 2007-12tip Sales Gather Momentumemployers Look To Bulk Buyouts To Reduce Their Liabilitiesoccupational Pension Membership Declines By 29% In The Last Five Yearsfigure 26: Insurer-administered Occupational Pension Business In Force, 2007-11insurer-administered Schemes Expected To GrowOccupational and Group Pensions - UK - June 2013
  4. 4. figure 27: Forecast For New Insurer Administered Occupational Pension Premiums, 2007-17figure 28: Value Sales For New Insurer-administered Occupational Pension Premium Value, 2007-17gppsgpp Have Grown Steadily In Over The Last Five Yearsfigure 29: New Gpp Business, 2007-12new Gpp Business Forecastfigure 30: Forecast Of New Gpp Premiums – Fan Chart, 2007-17figure 31: Value Of Gpp Premiums, 2007-17forecast Methodologyprovider Ranking And Supply Structurekey Pointslarge Pension Providers Restructure In Preparation For Auto-enrolmentfigure 32: Ranking Of Top 20 Providers Of Insurance-administered Occupational Pension Schemes, By Gwp,2010-11other Players In The Supply Structure Of Occupational Pensionsinvestment Management Companiespension Ifasbenefit Consultantscompanies And Productsaegon Ukfigure 33: Key Financial Data For Aegon – Uk Operations, 2011-12legal & Generalfigure 34: Key Financial Data For Legal & General (savings Business), 2011-12lloyds Banking Groupfigure 35: Key Financial Data For Lloyds Banking Group (uk Business), 2011-12prudentialfigure 36: Key Financial Data For Prudential Plc, 2011-12royal London Group/scottish Lifefigure 37: Key Financial Data For Royal London Group, 2011-12standard Lifefigure 38: Key Financial Data For Standard Life, 2011-12brand Communication And Promotionkey Pointsadspend On Pension Products Increases By 73% In 2013figure 39: Total Advertising Expenditure On Pension Products And Services, 2009-12soaring Adspend Is Mainly Attributed To Auto-enrolmentfigure 40: Advertising Expenditure On Pension Products And Services, By Product Category, 2009-12dwp Spends Big On Advertisingfigure 41: Top Six Advertisers Of Pension Products, 2012Occupational and Group Pensions - UK - June 2013
  5. 5. channels To Marketkey Pointsfinancial Advisers Increase Their Role In The Regular-premium Occupational Pension Marketfigure 42: Distribution Breakdown Of New Insurer-administered Occupational Pension Business –Regular Premium, 2007-12rdr Impacts Distribution Of Single Premium Insurer Administered Pensionsfigure 43: Distribution Breakdown Of New Insurance-administered Occupational Pension Business –Single Premium, 2007-12financial Advisers Dominate The Gpp Marketfigure 44: Distribution Breakdown Of New Insurance-administered Gpp Business – Regular Premium,2007-12figure 45: Distribution Breakdown Of New Insurance-administered Gpp Business – Single Premium,2007-12level Of Investible Assetskey Pointsa Quarter Of Consumers Have No Savings Or Investmentsfigure 46: Level Of Investible Assets, April 2013levels Of Savings And Investments Increase With Agefigure 47: Amount Of Savings And Investments, By Demographics, April 2013ownership Of Pension Productskey Pointscurrent Levels Of Occupational Pension Ownership Are Lowfigure 48: Ownership Of Saving And Investment Products, April 2013widespread Ownership Of Cash Savingsdc Schemes Growing For Younger Consumersfigure 49: Ownership Of Financial Products, By Demographics, April 2013types Of Employer And Occupational Pension Provisionkey Pointsover Half Of Adults Employed In The Private Sectorfigure 50: Type Of Employer, April 2013the Largest Hurdle For Auto-enrolment Will Be Small Businesses.private Sector Businesses With Fewer Than 50 Employees Are Least Likely To Offer Pension Benefitsfigure 51: Ownership Of Pension Products, By Type Of Employer, April 2013the Role Of Employers In Financial Planningkey Pointsalmost Half Of Consumers Want More Employer Interaction With Their Financesfigure 52: Attitudes Towards Employer’s Role In Financial Planning, April 2013over A Quarter Of Consumers Want More Flexible Savings Productssmall Business Employees Want Less Employer Interaction Compared To The Public SectorOccupational and Group Pensions - UK - June 2013
  6. 6. figure 53: Type Of Employer, By Attitudes Towards Employer’s Role In Financial Planning, April2013consumers With No Savings Or Investments Do Not Want Help In Managing Their Financesfigure 54: Attitudes Towards Employer’s Role In Financial Planning, By Amount Of Savings AndInvestments, April 2013consumers With Savings Up To £49,000 Have Been Neglected And Crave Adviceconsumers Who Want Financial Involvement Are More Likely To Own Workplace Pensionsfigure 55: Ownership Of Financial Products, By Attitudes Towards Employers Role In Financial Planning,April 2013managing Occupational Pensionskey Pointsonly A Third Of Consumers Know How Much Their Pension Is Worthfigure 56: Attitudes Towards Managing Employer Pensions, April 2013consumers Say They Don’t Rely On Their Workplace Pensions, But They Willoccupational Pensions Are Underratedconsumers Who Don’t Want Employer Involvement Are The Ones Who Need Itfigure 57: Attitudes Towards Managing Employer Pensions, By Attitudes Towards Employer’s RoleIn Financial Planning, April 2013the Move From Db To Dc Schemes Will Make For A More Engaged Workforcefigure 58: Attitudes Towards Managing Employer Pensions, By Ownership Of Financial Products, April 2013owners Of Db Pensions Value Their Employer Contribution Morefigure 59: Attitudes Towards Managing Employer Pensions, By Ownership Of Financial Products, April 2013barriers To Contributing To An Occupational Pensionkey Pointsfinancial Pressures Restrain Pension Saving For A Fifth Of Consumersfigure 60: Reasons For Not Owning An Employer Pension, April 2013occupational Pension Ownership Will Be More Universala Small Proportion Put Off Occupational Pension Savings Due To Procrastinationsmall Businesses Are Less Likely To Offer Pension Schemesfigure 61: Reasons For Not Owning An Employer Pension, April 2013appendix – Market Structureoptions For Workplace Pensionsfigure 62: Framework For Workplace Pensions, 2013main Parties In The Occupational Pensions Marketfigure 63: The Main Participants In The Occupational Pensions Market, 2013appendix – Insurer-administeredtotal Value Of Regular And Single Premium Insurer-administered Policiesfigure 64: New Insurer Administered Occupational Pension Scheme Regular Premiums, 2007-17figure 65: New Insurer Administered Occupational Pension Scheme Single Premiums, 2007-17Occupational and Group Pensions - UK - June 2013
  7. 7. appendix – Gpptotal Volume Of Regular And Single Premium Gpp Policiesfigure 66: Group Personal Pension Business In Force, 2007-11total Gpp Market Volumefigure 67: Number Of New Gpp Premiums, 2007-17figure 68: New Gpp Premiums, 2007-17regular Premiumsfigure 69: Regular Premiums, 2007-17figure 70: Regular Premiums, 2007-17single Premiumsfigure 71: Single Premiums, 2007-17figure 72: Single Premiums, 2007-17regular Premium Policiesfigure 73: Regular Premium Policies, 2007-17figure 74: Regular Premium Policies, 2007-17single Premium Policiesfigure 75: Single Premium Policies, 2007-17figure 76: Single Premium Policies, 2007-17appendix – Level Of Investible Assetsfigure 77: Most Common Amount Of Savings And Investments, By Demographics, April 2013figure 78: Next Most Common Amount Of Savings And Investments, By Demographics, April 2013appendix – Ownership Of Pension Productsfigure 79: Ownership Of Saving, Investment And Pension Products, By Demographics, April 2013figure 80: Ownership Of Saving, Investment And Pension Products, By Demographics, April 2013(continued)figure 81: Ownership Of Other Saving, Investment And Pension Products, By Demographics, April 2013appendix – Types Of Employer And Occupational Pension Provisionfigure 82: Most Common Type Of Employer, By Demographics, April 2013figure 83: Next Most Common Type Of Employer, By Demographics, April 2013appendix – The Role Of Employers In Financial Planningfigure 84: Most Common Attitudes Towards Employers Role In Financial Planning, By Demographics, April2013figure 85: Next Most Common Attitudes Towards Employers Role In Financial Planning, By Demographics,April 2013appendix – Managing Occupational PensionsOccupational and Group Pensions - UK - June 2013
  8. 8. figure 86: Most Common Attitudes Towards Managing Employer Pensions, By Demographics, April 2013figure 87: Next Most Common Attitudes Towards Managing Employer Pensions, By Demographics, April2013appendix – Barriers To Contributing To An Occupational Pensionfigure 88: Reasons For Not Owning An Employer Pension, By Demographics, April 2013Market Research Report(http://www.marketresearchreports.biz/) Marketresearchreports.biz is the mostcomprehensive collection of market research reports. Marketresearchreports.biz services are especiallydesigned to save time and money of our clients. We are a one stop solution for all your research needs, ourmain offerings are syndicated research reports, custom research, subscription access and consulting services.We serve all sizes and types of companies spanning across various industries.Contact:M/s Sheela,90 State Street,Suite 700,Albany NY - 12207United StatesTel: +1-518-618-1030USA - Canada Toll Free 866-997-4948Email: sales@researchmoz.comWebsite: www.marketresearchreports.bizOccupational and Group Pensions - UK - June 2013

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