Introduction
Examines the market for Group Personal Pensions and Employer Sponsored Stakeholder pensions between 2000 and 2004e, using ABI data to identify the key trends in the market over that period. Provides detailed information on the distribution of these products and the forces at work in the market, before giving Datamonitor's forecasts for the development of the market to 2008.
Scope
*The report sizes the Group Pensions market using ABI data and provides details of the distribution of these products
* Extensive in-depth interviews were conducted with leading players in the market to ascertain the key concerns and predictions for the coming years
* Datamonitor's qualitative and quantitative forecasts for the Group pensions markets and distribution of products between 2004 and 2008.
Highlights
Substantial growth was seen in the regular premium GPP market until 2001, marking the end of an upward trend in sales that began in 1997. This trend was halted by the introduction of Stakeholder.
Employer Sponsored stakeholder pensions have failed to take-off to the extent that the government hoped, with a large number of schemes that have been opened but remain empty.
Employers will give a boost to the group pensions market as they utilize pensions as a means of retaining staff and take more responsibility for their employees' retirement provision. This trend will be driven both by government pressure and market forces.
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