Abstract
Overview
Introduction
Significant reforms are occurring within the group pensions market. Do these
changes offer the possibility for a more engaging and flexible pensions
market, leading to increased voluntary pension savings?
Scope
- The report covers the group pensions market, focusing on the Group SIPP
employment offering.
- Extensive in-depth interviews were conducted with leading players in the
market to ascertain the way the market is operating.
- Datamonitor' s insights for the future of Group SIPPs are based on
legislative reforms, and changes in technology, communications and education.
Report Highlights
The Group SIPP market has undergone significant growth in 2007, with many
investors attracted by the increased flexibility and self-investment feature
of a SIPP product. This growth has been enabled by providers offering SIPP
products in the workplace, on a small and large scale.
The Group SIPP is structured in a way that means it is a good supplementary
pensions savings scheme to the basic Personal Account provision which is due
to be introduced in 2011.
Legislative reforms, enhancements in technology and communications are key
drivers in the Group SIPP product evolving into a large scheme proposition.
Education is key for a well-functioning Group SIPP and providers are actively
educating potential clients so that they may make informed decisions about
their pensions savings products.
Reasons to Purchase
- Offers unique insight from experts in the pensions market regarding
legislative and other changes that are driving the market for Group SIPPs.
- Provides details of how the Group SIPP is currently operating as an
all-employee offering, and estimates its future growth.
- Provides information to assist providers of Group SIPP sustain market
share & those thinking of entering the market develop their propositions.
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