Alternative Retirement Strategies - UK - September 2011
There are a diverse range of reasons that people opt to save outside a pension for their retirement. The major barriers to saving in a pension are seen as risk and complexity but other factors include a desire for greater flexibility and the ability to get a better return elsewhere. Alternative retirement strategies tend to be used to supplement rather than replace pensions, which after all offer a highly tax-efficient approach to retirement planning. However, a major reduction in the annual allowance for pension tax relief from April 2011 will increase the number of high-net-worth (HNW) individuals forced to find alternative strategies to save for retirement.
This report provides an overview of the market for alternative retirement strategies. It considers the main economic, demographic and legislative issues affecting the overall market for retirement planning. Market sizes and recent trends in the key alternative retirement strategy sectors are examined; these include ISAs, collective investments, investment bonds and buy-to-let. Mintel’s consumer research looks at the ownership of various retirement-related saving and investment products, as well as broad retirement planning expectations. The reasons behind people’s choice to save for retirement outside a pension are also considered, as are the main features sought from retirement saving products.
What you get
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
Why buy from us?
Our reports will provide you with market data, consumer research and competitive intelligence to succeed in your market.
Buy now and you'll have instant access to the information you need to make the right decisions.
Find out what's next in the markets that matter to you: where opportunities lie and what challenges you will face.
A business Superbrand, Mintel is a source you can trust. We have been defining and refining the Market Intelligence mix since 1972.