1. Market Research
  2. > Financial Services
  3. > Insurance
  4. > Pension Market Trends
United Kingdom (UK) Post - Retirement Pensions Market 2020

United Kingdom (UK) Post - Retirement Pensions Market 2020

  • October 2020
  • 51 pages
  • ID: 5982722
  • Format: PDF
  • GlobalData

Summary

Table of Contents

Search Inside

United Kingdom (UK) Post - Retirement Pensions Market 2020

Summary
This report explores trends in the way individuals fund their lifestyle in retirement.It examines pension decumulation and provides details on the way pension plans are accessed for the first time, exploring differences by pension pot size.

Current and historical data on the size of common retirement income products is provided.The report also discusses to what extent individuals are confident that their lifetime investments will last through retirement.

In addition, it explores consumers’ attitudes and behaviors with regards to obtaining financial advice on pensions.

Typically, retirees supplement the state pension with other sources of income, such as workplace and private pensions.Pension freedoms rules enable over 55s to access their pensions flexibly, but many are inadvertently putting their long-term savings at risk.

The majority of adults will access their pension funds as soon as they can.In fact, more than half of all pension pots are withdrawn fully when they are accessed for the first time.

Unexpectedly, withdrawals from pension pots fell in the first half of 2020 despite fears that COVID-19 would prompt individuals to take more funds. As economic uncertainty continues, a rise in unemployment among older adults could push some into early retirement.

Scope
- Nine in 10 individuals state that their lifestyle in retirement is as expected or better.
- Income drawdowns totaled £9.3bn in new premiums in 2019, almost double the size of the annuities market at £4.3bn.
- 91.9% of retirees are confident that their pension funds and/or savings will last their entire lifetime. This belief is broadly unchanged by the outbreak of COVID-19.

Reasons to Buy
- Learn how individuals access their pension plans for the first time.
- Understand the size of income drawdowns and the annuities market.
- Explore the gender gap in state and private pensions.
- Discover to what extent over 55s and retirees use financial advice on pensions.
- Understand the impact of COVID-19 on the post-retirement market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Employee Benefits in Puerto Rico 2021

  • $ 1495
  • May 2021
  • 50 pages

Employee Benefits in Puerto Rico 2021 Summary In 1952, Puerto Rico was granted the status of Commonwealth of United States after its constitution was ratified by the electorate.The Employees Retirement ...

  • Puerto Rico
  • Pension
  • Medical Benefit
  • Industry analysis
  • Life Insurance Claims
  • Number Of Employees

ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on