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Pensions Market Report 2009


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Previewing a Market Report

Published Date :
August 2009find similar
Report Type :
Market Reportfind similar
Report Sector :
Financial Servicesfind similar
Price :
£ 575
Contents :
15 Chapters

Table of Contents

The table of contents below is for Pensions 2009

Executive Summary

1. Introduction

Report Overview

Definitions

2. Strategic Overview

Market Dynamics

Pensioners: Current And Future Numbers And Costs

Table.1: Estimated And Forecast Spending On

Numbers Saving For Private Or Occupational Pensions

Table.2: Proportion Of Uk Residents Of Working Age

Credit Kills A Savings Culture

Table.3: Value Of Uk Households' Savings

How Much Can People Afford To Save?

Table.5: Average Uk Household Pension Contributions And Other Savings By Gross Income Decile Group (£),

Table.6: Average Uk Household Pension Contributions And Other Savings By Age Of Household Reference Person (£),

Pension Inflows

Table.7: New Sales Of Accumulation And

Table.8: New Sales Of Accumulation And

Figure.1: New Pensions, Savings And Investment Business

Table.9: New Sales Of Regular-premium

Table.10: New Sales Of Single-premium

Table.11: New Sales Of Regular-premium

Table.12: New Sales Of Single-premium

Will Personal Accounts Save The Day?

Distribution

Whole-of-market Advisers Dominate

Competitive Structure

Marketing Activity

The Consumer

Market Forecasts

Key Points

Means-testing Trap

Dubious Benefit Of Earnings Link

Table.1: Uk Price And Earnings Indices

Figure.1: Uk Price And Earnings Indices

Second-tier State Pensions: Prepare For Cuts

Serps

State Second Pension

Universal Protected Pension Rejected

Government Spending On Pensioners

Table.2: Actual And Planned Uk Government Spending

Key Points

4. Personal Pensions

Unsuitable For The Mass Market

Table.1: Number Of Personal Pension Contributors

Table.2: Number Of Members Of Personal Pension

Government `bribe'

Unrealistic Forecasts

Investing For Profits?

Key Points

5. Occupational Pensions

Single Pensions Regime

Goodbye Gold Standard

Safety Nets

Downside Of Globalisation

Table.1: Number Of Active Members Of Occupational Pension Schemes In The Uk By Sector (million),-

Table.2: Proportion Of Salary Contributed To

Key Points

6. Annuities And Other Pension Incomes

Quasi-liberalisation

Unsecured Income

Alternatively Secured Income

Secured Income

Annuity Choices

Standard Annuities

Impaired-life And Enhanced Annuities

Niche Annuities

Investment-linked Annuities

Flexible And Variable Annuities

Tiny Pots

Figure.1: Pension Annuities Sold By Size Of Fund

Table.1: Pension Annuities Sold By Size Of Fund

Rates Slump

Table.2: The Highest Annuity Rates Offered In The Uk

Figure.2: The Highest Annuity Rates Offered In The Uk

Table.3: The Highest Annuity Rates Offered

Key Points

7. Preparing For The Fourth Age

Funding Dependency

Decline Of Insurance To Pay For Care

Table.1: Sales Of Point-of-need Policies For

Key Points

8. Advertising

Collapse In Pensions Advertising

Table.1: Major Pension Providers By Expenditure On Advertising To Consumers In The Uk (£m And %),

Table.2: Main Media Advertising Expenditure

Table.3: Main Media Advertising Expenditure

Equity Release The Way Ahead

Table.4: Main Media Advertising Expenditure

Intermediaries: Muted

Key Points

9. An International Perspective

Looming Issue Of High Dependency Ratios

Figure.1: Actual And Forecast Old-age Dependency Ratios

Table.1: Actual And Forecast Old-age Dependency Ratios

Germany's Painful Policies

Italy Introduces Floating Pensions

France Thinks Ahead

Pan-european Dimensions

Looking Ahead Outside Europe

Going For Broke In The Us

Australia's Superannuation Model

Kiwisaver

Singapore: The Paternalistic State

China's Dependency Dilemma

Losses Rolling Round The World

Pensions Are A Special Case

Key Points

10. Pest Analysis

Political Factors

The Impact Of `a Day' In

The Budget

Economic Factors

How To Calculate Pension-fund Liabilities?

Persistent Toxic Assets

Piling On The Debt

Table.1: Additions To The Uk National Debt

Should Pay Curbs Apply To Senior Executives And Directors?

Tighter Regulation

Social And Technological Factors

Longevity A Mixed Blessing

Limited Utility Of Technology

Key Points

11. Consumer Dynamics

Introduction

Pensions Policy Is A Mess

Table.1: Pensions Policy In The Uk Is In A Mess

Overwhelming Support For National

Table.2: We Need A National Debate About How To Pay

Why Do Pensions Have To Be So Complex?

Table.3: Pension Choices Are Overcomplicated

Trust In Banks Remains Shaken

Table.4: Banks, Building Societies And Insurance Companies Are Not Regulated Effectively (% Of Respondents),

Average Income Insufficient To Save For A Comfortable Retirement

Table.5: Workers On Average Incomes Can Afford To

No Spare Cash

Table.6: I Could Not Afford To Save Any More Money

Low Reward, Low Incentive

Table.7: Low Interest Rates Discourage Me From Saving

Unpredictable Future A Deterrent To Saving

Table.8: It Is Not Worth Saving For Retirement Because

Working Longer Is A Double-edged Sword

Table.9: If More Pensioners Have To Work To Make Ends Meet, It Will Be Harder For Young People To Find Jobs

Self-reliance May Be A Virtue But...

Table.10: There Is No Point Struggling To Buy A House If

Equity Release Is An Option

Table.11: In The Future, More Pensioners Will

Undervaluing The Elderly

Table.12: As A Society, We Underuse The Wisdom And

Who Should Pay For The Elderly?

Table.13: Families Should Take On More Of The Financial Responsibility For Looking After Old And Infirm Members

Demand For National Debate On Funding

Table.14: We Need A National Debate About

Pension Credit: A Reward For Not Saving?

Table.15: Means-tested State Benefits Like Pension Credit Reward Those Who Did Not Bother To Save For A Pension

Support For Changes To Pension Tax Relief

Table.16: Tax Relief On Pension Contributions

Key Points

12. Company Profiles

Introduction

Less Choice

Aegon

Corporate Strategy

Advertising And Distribution

Profitability

Future Developments

Aviva

Corporate Strategy

Advertising And Distribution

Profitability

Table.1: Aviva Plc — Financial Performance

Future Developments

Axa Group

Corporate Strategy

Advertising And Distribution

Profitability

Future Developments

Barclays

Corporate Strategy

Advertising And Distribution

Profitability

Table.2: Barclays Plc — Financial Performance

Future Developments

Canada Life

Corporate Strategy

Advertising And Distribution

Profitability

Future Developments

Equitable Life

Corporate Strategy

Advertising And Distribution

Profitability

Future Developments

Fri

Corporate Strategy

Advertising And Distribution

Profitability

Table.3: Friends Provident Plc —

Future Developments

Hsbc

Corporate Strategy

Advertising And Distribution

Profitability

Table.4: Hsbc Holdings Plc —

Future Developments

Just Retirement

Corporate Strategy

Advertising And Distribution

Profitability

Table.5: Just Retirement (holdings) Plc —

Future Developments

Key Retirement Solutions

Corporate Strategy

Advertising And Distribution

Profitability

Table.6: Key Retirement Solutions Ltd —

Future Developments

Legal & General

Corporate Strategy

Advertising And Distribution

Profitability

Table.7: Legal & General Group Plc —

Future Developments

Liverpool Victoria Friendly Society

Corporate Strategy

Advertising And Distribution

Profitability

Future Developments

Lloyds Banking Group

Corporate Strategy

Advertising And Distribution

Profitability

Table.8: Lloyds Banking Group Plc —

Table.9: Scottish Widows Plc —

Future Developments

National Farmers Union Mutual

Corporate Strategy

Advertising And Distribution

Profitability

Future Developments

Pearl Group

Corporate Strategy

Advertising And Distribution

Profitability

Future Developments

Prudential

Corporate Strategy

Advertising And Distribution

Profitability

Table.10: Prudential Plc — Financial Performance

Future Developments

The Royal Bank Of Scotland Group

Corporate Strategy

Advertising And Distribution

Profitability

Table.11: The Royal Bank Of Scotland Group Plc —

Future Developments

Royal London Mutual

Corporate Strategy

Advertising And Distribution

Profitability

Table.12: The Royal London Mutual Insurance Society Ltd — Financial Performance (£000, Number, £ And %),

Future Developments

Standard Life

Corporate Strategy

Advertising And Distribution

Profitability

Table.13: Standard Life Plc — Financial Performance

Future Developments

Windsor Life

Corporate Strategy

Advertising And Distribution

Profitability

Table.14: Windsor Life Assurance Company Ltd —

Future Developments

Zurich Financial Services Group

Corporate Strategy

Advertising And Distribution

Profitability

Future Developments

Key Points

13. The Future

Honesty Is The Best Policy

Safer With Property

Amassing Capital Outside A Pension Fund

Pension Chimera

What Role For The Private Sector?

Market Prospects

Unrest

Key Points

15. Further Sources

Associations

Publications

General Sources

Government Sources

Other Sources

Key Note Sources