Embed Size (px)
DESCRIPTION
The 2012 surge in annuity sales helped insurers to maintain a steady level of new business, leading to an overall expansion of the annuities market, excluding bulk transfer and deferred annuities, at a compound annual growth rate (CAGR) of 4.1% during the review period (2008−2012). - See more at: http://mrr.cm/ZcC
Citation preview
www.MarketResearchReports.com
Annuities Insurance in the UK, Key Trends
and Opportunities to
2017
Category : Banking & Finance
All logos and Images mentioned on this slide belong to their respective owners.
www.MarketResearchReports.com
Introduction to Report
Launch Date: May 2, 2014
Number of Pages: 109
Geography Coverage: United Kingdom
Available Format: PDF
Price For Single User License: USD 2,795
Price For Site License: USD 5,590
Price For Global User License: USD 8,385
Delivery Time: Within 24 Hours (During Working Days)
www.MarketResearchReports.com
About the Report
The report provides market analysis, information and insights into the UK annuities insurance business.
Annuity rates have been in decline for 20 years, reducing the amount of income people can buy with their pension pots to record lows. Annuities convert an individual’s pension savings into an income for the rest of their life. The fall in annuity rates was attributed to the rising life expectancy, meaning that life insurers have had to guard against paying out for longer.
Annuities are also invested in low-risk gilts, or government bonds, and therefore, linked to movements in gilt yields. The Bank of England’s policy of quantitative easing (QE) caused interest rates and gilt yields to fall, leading to a collapse in annuity rates.
www.MarketResearchReports.com
Research Findings
New business premiums in the annuities market rose by 25.9% to GBP13.6 billion in 2012 as customers rushed to buy annuities before the gender-neutral pricing rules were introduced on December 21, 2012. Advisers also aimed to secure new annuities business ahead the Retail Distribution Review (RDR) rules banning providers from paying commission to advisers.
The 2012 surge in annuity sales helped insurers to maintain a steady level of new business, leading to an overall expansion of the annuities market, excluding bulk transfer and deferred annuities, at a compound annual growth rate (CAGR) of 4.1% during the review period (2008−2012).
www.MarketResearchReports.com
Key Highlights
Annuity sales rise ahead of the gender directive and RDR implementation.
Annuity rates recover in 2013 but reprieve may be short-lived.
The 2014 budget wipes out billions from the value of annuity providers.
New pension rules threaten the future of annuity products.
The FCA warns against non-advised sales of annuities.
www.MarketResearchReports.com
Scope
This report provides a comprehensive analysis of the UK annuities market.
It provides historical values for the UK annuities market for the report’s 2008–2012 review period and forecast figures for the 2013–2017 forecast period.
It offers estimates of new business premiums for the annuities market.
It analyses the key types of annuity products.
It provides an overview of market dynamics and market drivers.
It discusses various distribution channels for annuity products in the UK.
It profiles top annuity providers in the UK and outlines the key regulatory changes affecting them.
www.MarketResearchReports.com
Reasons To Buy
Gain an understanding of the UK annuities market size.
Explore the market dynamics across different annuity categories.
Learn about the performance of market drivers and distribution channels.
Understand the competitive landscape and key annuity propositions.
Find out more about key deals and recent developments in the market.
www.MarketResearchReports.com
Report Coverage
1. Executive Summary
2. Introduction
3. Competitive Landscape
4. Porter’s Five Forces Analysis
5. Deals
6. News
7. Regulation and Compliance
8. Economic Backdrop
9. Appendix
For more details regarding Report coverage see the last slide
All logos and Images mentioned on this slide belong to their respective owners.
www.MarketResearchReports.com
Company Coverage
1. Aviva Plc2. Canada Life Ltd3. Just Retirement Ltd4. Legal and General Group 5. Lloyds Banking Group6. Partnership Assurance Group Plc 7. Pension Insurance Corporation Ltd8. Prudential Plc9. Rothesay Life Ltd10.Standard Life Plc
For more details regarding Report coverage see the last slide
All logos and Images mentioned on this slide belong to their respective owners.
www.MarketResearchReports.com
Custom Research: Are you an industry professional, entrepreneur,
venture capitalist, investors and organization, then let us know your specific research requirements. Our goal is to cater to your requirements be it for a custom market research project, syndicated research report on a specific market or industry sector, newsletter creation, case study development or anything else related to marketing research.
For Any Customization Related query Visit IdeaCenter @http://www.marketresearchreports.com/idea-center
www.MarketResearchReports.com
How To Buy This Report?
Visit following URL to see Table of Content and purchase this publication:
http://mrr.cm/ZcC
About Market Research Reports, Inc.Market Research Reports provides a customized set of reports from reputed Publishers, built on the intelligence available within organizations and leverages on our motto of “Intelligence Redefined”.
Contact : Amitava SenEmail : [email protected]: +1 302-703-7787 (USA) +91-8762746600 (India)
