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UK SIC K65.300 | Industry Report

Pension Funding in the UK Industry Data and Analysis

JM
Joseph Maher
Analyst London, United Kingdom October 2024

Pension funds are undergoing a period of change. The past decade has marked a shift from defined benefit (DB) to defined contribution (DC) schemes dominating the industry, due to the financial burden DB schemes place on employers. Growing longevity risk, stemming from rising life expectancy has also been a contributing factor. Revenue is expected to fall by 8.5% over the five years through 2024-25 to £125 billion, including estimated growth of 3.1% in 2024-25, while the average industry profit margin is anticipated to be 32%.

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What's included in this industry analysis

IBISWorld's research coverage on the Pension Funding industry in the United Kingdom includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released October 2024.

About this industry

What's this industry report about?

The Pension Funding industry in the United Kingdom operates under the SIC industry code K65.300. The Pension Funding industry provides retirement benefits for people no longer earning an income. The industry includes both occupational and personal pension schemes. State pensions are excluded from this industry. Related terms covered in the Pension Funding industry in the United Kingdom include defined benefit scheme, defined contribution scheme, benefit, contribution and assets under management (aum).

What's included in this industry?

Products and services covered in Pension Funding industry in the United Kingdom include Defined benefit schemes and Defined contribution schemes.

What companies are included in this industry?

The Pension Funding industry in the United Kingdom is highly fragmented with no companies holding a market share greater than 5%.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Pension Funding industry in the United Kingdom.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Pension Funding industry in the United Kingdom.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Pension Funding industry in the United Kingdom.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Pension Funding industry in the United Kingdom. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Pension Funding industry in the United Kingdom. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Pension Funding industry in the United Kingdom. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Pension Funding industry in the United Kingdom. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Pension Funding industry in the United Kingdom.

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Frequently Asked Questions

What is the market size of the Pension Funding industry in the United Kingdom in 2026?

The market size of the Pension Funding industry in the United Kingdom is £XX.Xbn in 2026.

How many businesses are there in the Pension Funding industry in the United Kingdom in 2024?

There are £XX.Xbn businesses in the Pension Funding industry in the United Kingdom, which has declined at a CAGR of XX.X% between 2019 and 2024.

How may import tariffs affect the Pension Funding industry in the United Kingdom?

The Pension Funding industry in the United Kingdom is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Pension Funding industry in the United Kingdom?

The Pension Funding industry in the United Kingdom is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Pension Funding industry in the United Kingdom grown or declined over the past 5 years?

The market size of the Pension Funding industry in the United Kingdom has been stable at a CAGR of XX.X% between 2019 and 2024.

What does the Pension Funding industry in the United Kingdom include?

Defined benefit schemes and Defined contribution schemes are part of the Pension Funding industry in the United Kingdom.

How competitive is the Pension Funding industry in the United Kingdom?

The level of competition is high and increasing in the Pension Funding industry in the United Kingdom.

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