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Product Insights
United Kingdom (UK) Pensions Market Size, Trends, Competitive Landscape and Forecasts to 2027
UK Pensions Market Overview The UK pensions market size was GBP15.4 billion in terms of annual premium equivalent (APE) in 2022. The market is expected to achieve a CAGR of more than 2% during 2022-2027. Due to a rise in workplace pension enrolment, it achieved a very strong growth rate in 2022 while all other pension types contracted. Most pension withdrawals are used to cover everyday expenses and a sizable portion is used to pay off mortgages. Annuities saw a...