Self Invested Personal Pensions - SIPPs - UK - December 2013:Industry Analysis Report @ http://www.researchmoz.us/self-invested-personal-pensions-sipps-uk-december-2013-report.html

1. Self Invested Personal Pensions - SIPPs - UK - December 2013
The main winner following increased regulation from the FCA will undoubtedly be the larger SIPP providers.
Their economies of scale will allow them to continue to dominate the market, by acquiring their smaller rivals
and lowering costs, to appeal to a wider range of consumers.
table Of Content
introduction
abbreviations
executive Summary
the Market
sipp Market Is Expected To Go From Strength To Strength
figure 1: Forecast Of New Sipp Premiums (at Current Prices) – Fan Chart 2008-18
total Assets Under Administration Continue To Increase In The Sipp Industry
figure 2: Total Sipp Assets For The Wealth Management Industry, 2007-13
market Factors
regulatory Developments
financial Advisers Remain The Most Popular Channel, But Sipps Are Gaining Ground
figure 3: Sipp Purchasing Methods, August 2013
companies, Brand And Innovation
standard Life Remains The Largest Sipp Provider In 2013
james Hay Launches Modular Sipp
the Consumer
sipp Ownership
sipp Investment Ownership
figure 4: Investments That Sipp Owners Want To Hold Within Their Sipp, August 2013
sipp Contribution Habits
figure 5: Sipp Contribution Habits, August 2013
sipp Satisfaction Levels
figure 6: Sipp Satisfaction Levels, August 2013
most Valued Features And Benefits Of Owning A Sipp
figure 7: Most Valued Features And Benefits Of Owning A Sipp, August 2013
motivations For Transferring A Sipp
Self Invested Personal Pensions - SIPPs - UK - December 2013

2. figure 8: Motivations For Transferring A Sipp, August 2013
what We Think
issues In The Market
how Will Consolidation In The Sipp Market Affect Consumers?
can Taking A Modular Approach Broaden The Appeal Of Sipps?
how Can Providers Build And Sustain Their Reputation?
will Increasing Numbers Of Consumers Go Direct To Their Sipp Provider?
trend Application
providers Could Turn Sipp Success Stories Into A Marketing Drive
consumers Can Take Control Of Their Retirement Savings
using Technology To Promote The Personal Touch Of Advice In The Sipps Market
market Drivers
key Points
capital Adequacy Will Lead To Consolidation In The Sipp Industry
reactions To The Capital Adequacy Changes
the Market Awaits The Fca’s Third Thematic Review
the Fca Removes Sipps Exemption From Disclosure
fscs Will Protect Consumers Sipp Cash Deposits Up To £85,000
issues Affecting The Wider Pension Industry
the Chancellor Reduces Lifetime Allowance
the Treasury Plans To Cap Pension Fees
auto-enrolment
who’s Innovating?
key Points
sipp Chat – The Trip Advisor For Sipps
aj Bell’s Sippdeal Launches Free Mobile Dealing App
james Hay Launches Modular Sipp
Self Invested Personal Pensions - SIPPs - UK - December 2013

3. liberty Sipp Reduces Its Offering To One Product
market Size And Forecast
key Points
assets Under Management Continue To Increase In The Sipp Market
figure 9: Total Wealth Management Industry Sipp Assets, 2007-13
sipp Sales Estimated To Have Increased In Both Volume And Value In 2013
figure 10: Volume And Value Of New Sipp Business, 2009-13*
mintel Expects Sipps To Become Increasingly Popular Amongst Investors
figure 11: Forecast Of The Number Of New Sipp Sales – Fan Chart, 2008-18
figure 12: Forecast Of The Value Of New Sipp Premiums- Fan Chart, 2008-18
figure 13: Forecast Of New Sipp Business, At Current And Constant Prices, 2013-18
forecast Methodology
fan Chart Explanation
market Share
key Points
standard Life Remains The Largest Sipp Provider In 2013
figure 14: Top 10 Sipp Providers, By Value Of In-force Business, 2013 (mid-year)
new Capital Adequacy Rules Expected To Create Consolidation In The Sipp Industry
sipp Market Will Be Increasingly Be Dominated By Larger Providers
companies And Products
aj Bell
figure 15: Interim Financial Data For Aj Bell, H1 2012 And H1 2013
hargreaves Lansdown
figure 16: Annual Financial Data For Hargreaves Lansdown, 2012 And 2013
james Hay Partnership
standard Life
figure 17: Interim Financial Data For Standard Life Uk, H1 2012 And H1 2013
suffolk Life
figure 18: Annual Financial Data For Suffolk Life Pensions, 2011 And 2012
Self Invested Personal Pensions - SIPPs - UK - December 2013

4. channels To Market
key Points
over Half Of Sipp Holders Purchased Their Sipp Through An Adviser
figure 19: Sipp Purchasing Methods, August 2013
the Best Of Both – Mixing Advice And Direct Investing
sipp And Pension Ownership
key Points
consumers Have Low Levels Of Retirement Savings
figure 20: Active Pension Ownership And Retirement Savings, December 2012
auto-enrolment Set To Increase Workplace Pensions Ownership
sipp Ownership Is Low Amongst The General Population
sipp Investment Ownership
key Points
simple Investments Are Most Popular Amongst Investors
figure 21: Investments That Sipp Owners Want To Hold Within Their Sipp, August 2013
financial Advice Enables Consumers To Invest In More Complex Financial Products
figure 22: Sipp Investments, By Sipp Purchasing Methods, August 2013
contribution Habits
key Points
over A Third Of Sipp Holders Make Irregular Contributions
figure 23: Sipp Contribution Habits, August 2013
the Majority Of Sipp Holders Are Making Regular Contributions
advised Sipp Holders Contribute More Regularly Than Direct Sipp Holders
figure 24: Sipp Contribution Habits, By Sipp Purchasing Methods, August 2013
satisfaction Levels And Value Of Different Sipp Features
Self Invested Personal Pensions - SIPPs - UK - December 2013

5. key Points
sipp Holders Are Satisfied With The Performance Of Their Investments
figure 25: Sipp Satisfaction Levels, August 2013
sipp Holders Value Having Control Over Their Pension Savings
figure 26: Most Valued Features And Benefits Of Owning A Sipp, By Sipp Purchasing Methods, August
2013
advised And Direct Investors Have Different Preferences
advised Sipp Holders Are Prepared To Take More Risks To Achieve Higher Returns
advised Sipp Holders Are Prepared To Pay More For Good Financial Advice And Higher Returns
direct Sipp Providers Should Focus On Low Cost Solutions
tax Efficiency Is An Issue Which Appeals To Advised And Direct Consumers
ad-hoc Investors Seek Control Over Their Investments
figure 27: Most Valued Features And Benefits Of Owning A Sipp, By Sipp Contribution Habits, August 2013
consumers Who Contribute Higher Amounts Are More Likely To Want To Diversify
motivations For Transferring A Sipp
key Points
a Providers’ Reputation Would Persuade A Third Of Consumers To Transfer
figure 28: Motivations For Transferring A Sipp, August 2013
three Out Of 10 Sipp Holders Want A Wider Range Of Investments
over A Fifth Of Sipp Investors Would Not Consider Transferring Out
appetite For Complex Investments Divides Sipp Holders
figure 29: Motivations For Transferring A Sipp, By Most Valued Features And Benefits Of Owning A Sipp,
August 2013
price Remains Important To Over Half Of Consumers
figure 30: Motivations For Transferring A Sipp, By Sipp Purchasing Methods, August 2013
similar Motivations For Transferring For Advised And Direct Investors
appendix – Market And Product Definitions
product Definitions
self-invested Personal Pension
simple/platform Sipp
mid-range Sipp
bespoke/full-range Sipp
standard And Non-standard Investments
esoteric Investments
illiquid Assets
Self Invested Personal Pensions - SIPPs - UK - December 2013

6. appendix – Channels To Market
figure 31: Sipp Purchasing Methods, By Demographics, August 2013
appendix – Sipp Investment Ownership
figure 32: Most Popular Sipp Investments, By Demographics, August 2013
figure 33: Next Most Popular Sipp Investments, By Demographics, August 2013
figure 34: Sipp Investments, By Sipp Purchasing Methods, August 2013
appendix – Contribution Habits
figure 35: Sipp Contribution Habits, By Demographics, August 2013
figure 36: Sipp Contribution Habits, By Sipp Purchasing Methods, August 2013
appendix – Satisfaction Levels And Value Of Different Sipp Features
figure 37: Sipp Satisfaction Levels, By Demographics, August 2013
figure 38: Most Valued Features And Benefits Of Owning A Sipp, By Demographics, August 2013
figure 39: Most Valued Features And Benefits Of Owning A Sipp (continued), By Demographics, August
2013
figure 40: Most Valued Features And Benefits Of Owning A Sipp, By Sipp Purchasing Methods, August
2013
figure 41: Most Valued Features And Benefits Of Owning A Sipp, By Sipp Contribution Habits, August 2013
appendix – Motivations For Transferring A Sipp
figure 42: Most Popular Motivations For Transferring A Sipp, By Demographics, August 2013
figure 43: Next Most Popular Motivations For Transferring A Sipp, By Demographics, August 2013
figure 44: Most Valued Features And Benefits Of Owning A Sipp, By Motivations For Transferring A Sipp,
August 2013
Self Invested Personal Pensions - SIPPs - UK - December 2013

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Self Invested Personal Pensions - SIPPs - UK - December 2013