Annuities and Income Drawdown: Inc Impact of COVID-19 - UK - November 2020
Annuities and Income Drawdown: Inc Impact of COVID-19 - UK - November 2020

“In the initial aftermath of COVID-19, restrictions on face-to face-advice and market turbulence led to a significant decline in sales of both annuities and drawdown options. Although pension funds have largely recovered, continuing uncertainty is expected to harm the market for the duration of 2020. Overall knowledge of pensions and decumulation options at retirement is worryingly low, and with unemployment rising among over-55s there are concerns that growing numbers will ...

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Overview

Overview

This report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.

Executive Summary
Issues and Insights

Market

Market

Mintel provides a range of market information across categories including: forecasting and share information; internal and broader market environment information; and the issues that affect the market in question.

The Market – Key Takeaways
Market Size and Forecast
Pension Pots Accessed
Annuity Market Segmentation
Channels to Market
Market Drivers
Regulatory and Legislative Changes

Consumer

Consumer

Mintel conducts exclusive and original consumer research for reports, bringing up-to-date and unique insight to topical issues. This research examines the impact of social, economic, cultural and psychological influences on consumers.

The Consumer – Key Takeaways
Impact of COVID-19 on Consumer Sentiment
Pension Ownership and Access
Age Expecting to Access Pension
Confidence in Making Pension Decisions
Consideration of Decumulation Options
Assessment of Retirement Income Knowledge
Retirement Income Priorities
Attitudes towards Pensions and Retirement

Brand/Company

Brand/Company

Our brand research provides data and informed analysis across a number of consumer metrics including usage, satisfaction, recommendation, momentum and trust. It also explores consumer attitudes towards brands and examines the reasons behind these.

Companies and Brands – Key Takeaways
Key Provider Performance
Competitive Strategies

Data

Data

Reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.

Appendix – Data Sources, Abbreviations and Supporting Information