Pensions - A Priority - UK - August 1999

INTRODUCTION AND ABBREVIATIONS
EXECUTIVE SUMMARY
MARKET FACTORS
Figure 1: Annual inflation compared with average increase in earnings, 1992-99
Figure 2: FTSE 100 index, highs and lows, 1997-99
Figure 3: UK dependency ratios, 1981-2021 (estimated mid year population)
MARKET SIZE
Figure 4: Pension funds and life assurance reserves of households*, value of funds and proportion of all household* assets, 1991-98
Figure 5: Detailed breakdown life assurance and pension funds, 1996-98
Figure 6: Number and value of new individual pension policies taken out, regular premium policies and single premium policies, 1994-99
Figure 7: Number and value of new individual pension policies taken out, all policies, 1994-99
Figure 8: Earned income by pensioners, 1996-97
Figure 9: Contributions made to occupational and personal pensions, by income bracket of contributor, 1996-97
Figure 10: Contributions made to personal and occupation pensions, 1991/92-1996/97
MARKET AND COMPETITOR ANALYSIS
Figure 11: Top 10 pension providers by new pensions premium income*, 1998
Figure 12: Total TV and press advertising expenditure on pensions, 1994-98
Figure 13: Benchmarking the performance of the key industry players, market shares and business growth, 1998
DISTRIBUTION
Figure 14: Recent acquisitions led by accessibility to IFA channels, 1995-99
Figure 15: Concentration of new pensions business among IFAs, 1998
Figure 16: Distribution of new regular premium personal pension business, 1994-98
Figure 17: Distribution of new single premium personal pension business, 1994-98
THE CONSUMER
Figure 18: Main forms of provision currently being made for retirement by gender and socio-economic group, May 1999
Figure 19: Main forms of provision currently being made for retirement by age, May 1999
Figure 20: Main form of provisions currently being made for retirement
Figure 21: Stakeholder potential market, May 1999
Figure 22: Stakeholder target market and their likely response, by demographics, May 1999
Figure 23: Most important factor behind long term investments, 1997-99
Figure 24: Most important factor behind long term investments, by stakeholder target groups, May 1999
Figure 25: The factors that would persuade the stakeholder target groups to take out a pension, May 1999
Figure 26: When the stakeholder target markets intend taking out a pension, May 1999
Figure 27: How respondents would spend £50 additional money, by gender and socio-economic group, May 1999
Figure 28: How respondents would spend £50 additional money, by age, May 1999
Figure 29: How respondents would spend a £2,000 windfall, by gender and socio-economic group, May 1999
Figure 30: How respondents would spend a £2,000 windfall, by age, May 1999
Figure 31: How employees would spend 5% increase in wages, by gender and socio-economic group, May 1999
Figure 32: How employees would spend a 5% increase in wages by age, May 1999
Figure 33: Factors that would persuade non-pension holders to take out a pension, by gender and socio-economic group, May 1999
CONCLUSIONS
THE FUTURE AND FORECAST
Figure 34: Estimating the likely market size of the stakeholder pensions market, June 1999