Auto-enrolment will create substantial growth in the workplace pension markets over the next five years. Consumers who had previously never considered a pension will be automatically enrolled into a pension scheme. This will create new business for pension providers and help consumers to make better provision for their retirement.

However, the market place will become more competitive than ever before. Pension providers will have to work hard to differentiate themselves from the competition, and spend extra effort in guiding employers through the auto-enrolment process. Providers have the opportunity to strengthen their reputations by offering great service to both employers and employees, but could undermine this by expanding their business too quickly and not communicating effectively with their new customers.

This report provides insight into the occupational and group pension markets. It examines the impact of regulation, legislation, market trends, and product distribution. In addition to analysis of the major players in the occupational and group pension markets, Mintel’s exclusive consumer research explores attitudes towards employer provided financial planning and levels of consumer engagement with workplace pensions.

An overview of the structure of the occupational and group pensions market is included in the Appendix – Market Structure.

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