You are here :
UK Self-Invested Personal Pensions 2018
Published on: Jun 2018 | From USD $3450 | Published By: GLOBAL DATA | Number Of Pages: 54
UK Self-Invested Personal Pensions 2018
Summary
"UK Self-Invested Personal Pensions 2018", report uses ABI data to explore how the size and distribution of the SIPP market is changing over time in premiums and contracts, and explains trends in relation to regulation. It discusses attitudes and behavior in how consumers manage their SIPPs, as well highlighting the top five players in the market, reporting market share, and NPS scores, in addition to discussing their propositions. It concludes by exploring how the SIPP market will change in size over the next five years and how technology such as robo-advice will disrupt the market.
The UK SIPP market was worth £2.4bn in APE in 2017, up 59.5% from 2016 as a total of insured and non-insured new business premiums according to the Association of British Insurers (ABI). The market is thriving as consumers continue to transfer from defined benefit pensions and consolidate their pension pots into a SIPP, in order to take advantage of pension freedoms. However, the market is suffering from large numbers of customer complaints. They surround due diligence failings, where customers have been investing in inappropriate non-standard funds, as well as unregulated firms and introducers. Scandal has also surrounded inappropriate defined benefit transfers. It seems the market may be on the cusp of undergoing a tighter regulatory regime following new capital adequacy requirements in 2016.
Scope
- Alliance Trust is the leading SIPP provider, with 12.9% of respondents from GlobalData’s 2017 UK Life & Pensions Survey stating they hold their SIPP with the investment trust.
- The majority of customers prefer to go online to access their SIPP account.
- Individuals take out SIPPs because they want a wider choice of investments.
Reasons to buy
- Understand how the SIPP market is changing in size and distribution, and how regulation is impacting the market.
- Gain innovative insight into how robo-advice and technology will disrupt the SIPP market.
- Understand consumer attitudes and behaviors towards managing their SIPPs.
Table of Contents
Executive Summary
Market Dynamics
The Competitive Landscape
Customer Attitudes & Behavior
The Market Going Forward
Appendix
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
FAQs
The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process.
The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage.
Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more.
These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry.
Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
Any person who has the capacity to make decisions for the business must buy the reports. These reports help management in decision making process. Market research helps person to obtain market information from different sources, and in multiple formats. It aims to study supply and demand, analyze data as per geography, age factors, demography, technology, product, psychographic & gender differences, and many other parameters. Access to in-depth market trends helps person to assess the market effectiveness. Some of the multiple techniques used for market research include customer analysis, choice modeling, competition and risk analysis, product research, advertising the research, marketing mix modeling, simulated test marketing, and more.
Market research studies several features of business environment, such as competitors, market structure, government regulations, economic trends, technological advances and financial analysis of companies, industries, and sectors. This helps person in the decision-making process of planning and implementing strategies for their markets.
1. Choose a topic.
2. Make skeleton catalogue.
3. Fill content. As for report content, there are two main information source, Primary and Secondary data collection. Secondary data collectionrefers to information searched from the Internet or data bought from database. Primary data collection refers to information concluded from telephone interview, face-to-face interview, expert’s interview, meeting etc.
4. Audit the report
5. Publish the report.
With regard to information cost, information searching costs the least, database support the second least, and telephone interview the third least. Face-face interview cost higher, in-depth interview much higher and expert interview the highest. A research may adopt all of these approaches, or just some of them.
In general, a good-quality research report needs 1-3 months to be finished. Time and method varies according to different Publishers. Thus, it’s difficult to define an exact procedure or process of making research report. Both time and cost vary. However, specialization has become a basic industry standard. Professional and dedicated products will be more and more popular.
There may be exceptions to this if you place order on a non-working day specifically because our publisher partners are located all over the globe. In case of physical delivery report will be couriered to you within 3 working days from the date of the receipt of payment and delivery time will differ based on your location
Why Us
In-depth database
Our Report’s database covers almost all topics of all regions over the Globe..
Recognised publishing sources
Tie ups with top publishers around the globe.
Customer Support
Complete pre and post sales support.
Safe & Secure
Complete secure payment process.