2007 Report Provides a Thorough Appraisal of the Current State of the UK Pensions Market and Assesses its Short-Term Prospects for Growth.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c59026) has announced the addition of "Securing New Business in the United Kingdom Pensions Market 2007" to their offering. Modernising the welfare state, notably the pensions environment, is a primary aim of the UK government. Policymakers and legislators well appreciate the need to encourage more people to make provision for their own retirement. While this objective represents a major opportunity for the pensions industry, it is highly problematic - especially given that consumer confidence and interest in pensions is at all time low. This report looks at the reasons why more than half of the UK's working population is not saving in a pension, and seeks to identify the factors which would encourage them to start saving. It assesses the level of consumer support for personal accounts and the process of auto-enrolment. Drawing on a range of primary and secondary data sources, the report also provides a thorough appraisal of the current state of the UK pensions market, and assesses its short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. prospects for growth. Content Outline: Issues in the Market Key issues Market definitions The State System The voluntary private funded sector Figure 1: Types of private pension provision, UK Abbreviations Market in Brief Broader Market Environment Internal Market Environment Competitive Context Strengths and Weaknesses in the Market Market Size and Forecast Companies and Products Brand Communication and Promotion Channels to Market The Consumer - Pension Participation The Consumer - Attitudes and Expectations Means testing means test n. An investigation into the financial well-being of a person to determine the person's eligibility for financial assistance. means test Noun - striking the right balance Personal account typologies Companies Mentioned: * AEGON Scottish Equitable Scottish Equitable is an investment company located in Edinburgh, Scotland. Founded in 1831, Scottish Equitable has grown steadily in size and expertise to become one of the most experienced companies in the financial sector. Scottish Equitable are a brand of Aegon UK. * Friends Provident Friends Provident plc (LSE: FP.) manages a life assurance business mainly based in the United Kingdom and with offices throughout the world. Friends Provident is a financial services group and a member of the FTSE100 Index. * Norwich Union Norwich Union is an insurance company in the UK. It is the biggest life-insurer in the UK, and has a strong position in motor insurance. It is part of the Aviva group, itself created by a merger of Norwich Union and CGU plc in 2000. * Scottish Widows Scottish Widows is an investment company located in Edinburgh, Scotland, now a subsidiary of the Lloyds TSB Group. Scottish Widows Fund and Life Assurance Society opened in 1815 in what is now Chambers Street, as Scotland's first mutual life office. * Standard Life For more information visit http://www.researchandmarkets.com/reports/c59026 |
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