UK Workplace Pensions Market Report 2020
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Providing the most comprehensive and up-to-date information and analysis of the Workplace Pensions: Incl Impact of COVID-19 – UK market, and the behaviours, preferences and habits of the consumer.
What are the key challenges facing the industry? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
65% of workplace pension holders are confident that they have all the information they need about their pension. This apparent confidence, though, is undermined by the fact that 44% say they do not even know how much of their salary they are contributing to it. Auto-enrolment has been a huge success in expanding membership of workplace pensions but more needs to be done now to improve engagement and understanding to maximise the benefits of this success.
Written by Richard Shepherd, a leading analyst in the Financial Services sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
COVID-19 will negatively impact workplace pension contributions and fund values in 2020. However, as jobs return during the recovery, auto-enrolment will see lost pension savers quickly return. Beyond COVID-19, improving understanding of and engagement with workplace pensions are key challenges to ensure the best outcomes for pension savers at retirement
Richard Shepherd
Associate Director – Financial Services
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Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.