UK Pre-Retirement Pensions Market to reach £12.7bn by 2022 | Leading players- Aviva, Royal London, Standard Life, Lloyds Banking Group, Rothesay Life, NEST, Starling, Pension Bee, Aegon, LV
Individual pensions have grown as self-invested personal pensions (SIPPs) and personal pensions have risen in popularity due to transfers of defined benefit pensions. Meanwhile auto-enrolment will continue to be a big driver of growth for workplace pensions as minimum contributions increase.
Aviva, Royal London, Standard Life, Lloyds Banking Group, Rothesay Life, NEST, Starling, Pension Bee, Aegon, LV
Request for sample here: https://www.reportsweb.com/inquiry&RW00012261786/sample
Pension providers must seek to improve customer engagement with pension saving. Many individuals do not know how much their pension pots are worth, and the majority of those who do, say their pot is small (under £10,000). Financial advice on pensions also needs to be made more accessible and affordable for all. Technology is key to the development of affordable, easy-to-use, convenient tools that consumers can use to understand how much they have already saved, and how much more they need to be saving to achieve a desired income and quality of life in retirement.
Scope of the report:
- 42.3% of those starting a pension due to auto-enrolment said rises in pension contributions were "good news as saving for retirement is really important."
- Nearly a quarter of individuals (24.1%) do not know how much their pension is worth. Of those who did, over half stated their main pension pot was worth less than £10,000.
- Most desire a monthly retirement income of between £1,000 and £1,999.
Know more about this report @: https://www.reportsweb.com/inquiry&RW00012261786/buying
Table of Contents
1. Executive Summary
2. The State Pension
3. Saving For Retirement
4. The Competitor Landscape
5. The Future of Advice And Saving
Reasons to buy:
• Understand the impacts of recent legislation on consumer behavior in the pre-retirement market.
• Discover how technology and robo-advice can be used to encourage individuals to save for retirement.
• See how the UK pensions market is forecast to grow over the next five years.
Avail Discount for this report at: https://www.reportsweb.com/inquiry&RW00012261786/discount
ReportsWeb.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.
Phone : +1-646-491-9876
E-Mail : email@example.com
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release UK Pre-Retirement Pensions Market to reach £12.7bn by 2022 | Leading players- Aviva, Royal London, Standard Life, Lloyds Banking Group, Rothesay Life, NEST, Starling, Pension Bee, Aegon, LV here
News-ID: 1491532 • Views: 303
More Releases from ReportsWeb
Human Capital Management Solution Market Set for Rapid Growth during the Forecas …
Overview of Human Capital Management Solution Market Human capital administration (HCM) is a set of practices related to human resource administration. These practices are centered on the organizational have to be give particular competencies and are executed in three categories: workforce procurement, workforce administration and workforce optimization. Scope of the Report The research report titled ‘Human Capital Management Solution Market’ provides the newest industry data and industry future trends, allowing you to identify
Cable Cars and Ropeways Market to Witness a Pronounce Growth During 2025 – Top …
A Cable Car, Ropeways, aerial tramway, sky tram or aerial tram is defined as an aerial lift which uses one or two stationary supporting ropes for transporting vehicles, trolley, tram, lift, pallets etc. and third rope for providing propulsion. This form of lift maintains strong grip of fixed tramway with propulsion rope and cannot detach during operations. An electric motor is primarily deployed at the bottom of the tramway to
Brake Pad Market Outlook to 2025 | Airtex Vehicle Electronics, Automotive, BorgW …
Brake pads are used in automotive and other application and they are a component of brake disc. Brake pads are fixed in brake caliper and they helps in converting kinetic energy of vehicle into thermal energy. Increasing demand for environment friendly and light weight braking material is fueling the growth of brake pad. The major driving factor influencing the growth of brake pad is Increase in demand for safety, better performance
E-passport and E-visa Market Emerging Technological Growth, Demand and Business …
E-passport and E-visa Market research report focuses on the leading competitors and provides information such as the company overview, product portfolio, key developments, price, cost, value, volume, revenue, capacity, production, and contact information. Upstream raw materials and equipment and downstream demand analysis have also been carried out in this report. The report also analyses the current development trends and patterns, as well as the distribution and marketing channel. The key manufacturers
More Releases for Pension
Don't forget your German pension contributions!
Germany is a country, where many people from all over the world are coming to. They study or work here for several years. The famous and big German companies are constantly looking for international experts. Besides the strong working market, Germany has an outstanding social security system, which helps people in different situations, e.g. illness, unemployment or old age. But many people, who are working or who worked in Germany
TatvaSoft developed a Pension Management System to automate pension processes by …
TatvaSoft, a leading software development company based in London, UK has developed a Pension Management System for client based in Ghana Africa. This application was developed by complying Government of Ghana Act 76.. The application focused on streamlining, simplifying and automating the pension processes. The system has easily handled the member’s pension accounts and automated the process by replacing the paperwork or excel files, thus got rid of the hurdles
Pension Figures show alternatives competing with traditional investments: AAA
A new survey showing major interest in alternative investments among pension funds demonstrates how alternatives are now competing with traditional asset classes like never before, claims AAA. Boston, MA, February 07, 2012 - A new survey showing major interest in alternative investments among pension funds demonstrates how alternatives are now competing with traditional asset classes like never before, claims Alternative Asset Analysis (AAA). The new survey by Pensions & Investments looks at
Chamber Endorses Comprehensive Pension Reform Initiative
The San Diego Regional Chamber of Commerce, representing over 400,000 chamber members' employees, today announced its support for the Comprehensive Pension Reform Initiative. The Chamber’s Board unanimously voted to endorse the initiative during a recent Board of Directors meeting. San Diego, CA, August 03, 2011 -- The San Diego Regional Chamber of Commerce, representing over 400,000 chamber members' employees, today announced its support for the Comprehensive Pension Reform Initiative. The Chamber’s
AAA Reveals Pension Funds Favoring Alternative Investments
There has been more good news for the alternative investment industry in the UK this week, according to AAA (Alternative Asset Analysis). Boston, MA, July 05, 2011 -- The alternative investment advocacy and analysis group said that the latest claims from the Pension Corporation and Engaged Investor magazine about the falling popularity of equities, is a further indication of a switch towards alternatives. The magazine carried out a study of 197 trustees
AAA Welcomes New Jersey Pension Funds Decision to go ‘Alternative’
The New Jersey State Investment Council has decided to reduce the risk in the state’s pension system by investing more money in alternative investments. Boston, MA, May 27, 2011 -- This news has been welcomed by Alternative Asset Analysis (AAA), an organization established to assess new alternative assets and encourage individuals and funds to make more alternative investments. The pension fund currently has around 17.3 per cent of its investment in real