Research and Markets (http://www.researchandmarkets.com/reports/c70006) has announced the addition of Annuities and Retirement Income Solutions in the United Kingdom 2007 to their offering.
This report examines the key issues facing the market today, ranging from demographic to legislative changes, and the potential impact of changes in the wider market for pensions. The overall size of the annuity market is assessed, while the report also identifies the key players and the innovative new products offered to retirees. Consumer research highlights attitudes towards retirement planning in general, and retirement income solutions in particular.
Issues in the Market -Key issues -Market overview -Definitions -Definitions - developing products -Abbreviations Market in Brief -Annuities sales reach GBP 9.6 billion in 2006 -Income drawdown sales soar in 2006 -Little improvement in uptake of OMO -Prudential has over 23% of market share -Annuity market increases level of innovation -More than a quarter of sales made directly with providers -GBP 900,000 spent advertising annuities in last 12 months -Consumer research shows growth of non-traditional forms of income -Non-retirees appear more positive about annuities Broader Market Environment Key points -Life-expectancy rises... -...causing annuity rates to fall -By 2009 one in five people will be of retirement age -A shift in priorities -Ageing population not necessarily reflected in retiree numbers -Changing work patterns will have longer term implications -State pension accounts for largest proportion of retirement income -Inflationary pressures hit pensioner income -Performance of FTSE helps increase value of pension funds -Shortage of government bonds leads to reduced yields -Annuity providers forced to diversify assets -NPSS could provide additional boost for annuities market -The impact of FSA regulation
For more information visit http://www.researchandmarkets.com/reports/c70006
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Laura Wood, Senior Manager
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