Research & Guides

Corporate Adviser Intelligence creates independent research reports and guides that give in-depth analysis of the workplace benefits sector and the financial services organisations operating in it.

2021 Reports & Guides

Provider Service Ratings Report

Corporate Adviser’s Provider Service Ratings Report analyses advisers’ perceptions of the service delivered by group pensions, group PMI, group risk and corporate cash plan providers.

Ratings are based on independent market research conducted with over 100 advisers, consultants and brokers. Providers are ranked by intermediaries for their overall service proposition across six sub-areas: Communication; Provider-generated adviser support content; Ease of use of adviser-facing technology; Staff expertise; Quality of administration; Appreciating my business.

The report also analyses the factors advisers take into account when considering the service proposition of the providers they interact with.

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Guide to ESG in DC Pensions

Climate change and the road to net zero have been the key drivers for the massively increased focus on environmental, social and governance (ESG) investing in pensions. But there are numerous other factors driving ESG up the pensions agenda.

This Corporate Adviser Intelligence guide gives an overview of the many ways in which ESG is impacting DC pensions – covering greenwashing, how the role of the trustee has changed, the impact of new regulations on climate reporting, how performance is affected and the complex web of organisations, coalitions, standard setters, pressure groups, data organisations and NGOs that shape ESG decision making.

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Workplace Savings Report

This fourth edition of Corporate Adviser Intelligence’s Workplace Savings Report analysis the proposition, market share and strategy of UK workplace savings product providers. It monitors adviser attitudes to workplace savings and interprets key regulatory market, regulatory and sector trends. This year’s report reveals that the bundled assets of workplace savings providers – those life insurers, platform savings firms and other providers offering both pension and broader workplace savings such as Isas – grew by 22 per cent in the year to 30 June 2021. It shows Aviva is the biggest bundled provider in the UK, growing its assets by 18 per cent, while L&G’s grew by 39 per cent.

The report also analyses the various levels of success made by providers in engaging staff with workplace savings – some have done considerably better than others.

To request a copy of the report, click here

Workplace Pensions Into Retirement Report

This report analyses the at-retirement functionality, investment strategy and communications approach of 19 master trusts and seven contract-based group personal pension (GPP) and group Sipp providers, representing the great majority of the nation’s DC pension savers. It analyses schemes’ ability to interact with advisers, including approach to defined benefit transfers and adviser charging, as well as adoption of digital advice propositions.

The report also analyses contract-based providers’ investment pathways strategies, including analysis of their asset allocation approach for each strategy and the returns delivered to date.

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Guide to Diversity and Inclusion in DC Pensions

Promoting diversity and ensuring an inclusive workplace culture is good people management for organisations of all types, in all industries. When it comes to organisations operating in the defined contribution (DC) pensions sector, the importance of a strong diversity and inclusion strategy is even greater. This is because in DC pensions the benefits of embracing diversity and inclusion are material on three levels – extending beyond the impact on individuals working within organisations, to the outcomes experienced by scheme members and customers, and even to the performance of the investments held within schemes’ funds.

This guide aims to give an overview of the many ways that diversity and inclusion issues impact the DC sector and highlight best practice strategies and resources to support making pensions more diverse and inclusive.

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Workplace Protection & Wellbeing Report

The Workplace Protection and Wellbeing Report 2021 is the third iteration of Corporate Adviser’s definitive analysis of the group risk, corporate healthcare, cash plan and wellbeing sectors.

The report gives an X-ray view of each of these sectors, highlighting year-on-year market share changes of all the main providers, identifying sector trends and analysing regulatory developments. The 2021 report builds on previous years’ data to give an unrivalled view of all key stakeholders delivering benefits to protect and improve the wellbeing of UK workers. The research examines key metrics considered useful to intermediaries, including providers’ business turnover, numbers of employers, target customer areas, product features and functionality and other factors key to advisers’ provider selection processes.

The report consists of qualitative data from providers, qualitative and quantitative research with consultants and advisers and in-depth interviews with key industry stakeholders, conducted by Corporate Adviser Intelligence’s research team. Chapters cover different product types and areas, with each provider also profiled in the report, making it a have-and-keep directory for intermediaries as well as a leading piece of research. To request a copy, click here

Master Trust and GPP Defaults Report

Containing the only publicly-available industrywide performance data on UK master trusts and GPPs, this report offers detailed analysis, of investment strategy and returns, asset allocation breakdowns, provider business volumes and adviser opinions. The 92-page Master Trust and GPP Defaults Report also analyses providers’ propositions, technology, withdrawal behaviour, approach to governance and at-retirement strategy.

This research covers master trust and contract-based defaults with assets totalling almost £500bn. Together they invest assets for around 12m active and 12m deferred UK pension savers.The report includesdata from 27 providers, including master trusts and GPP.

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ESG in DC Pensions Report

Environmental, social and governance (ESG) investing has never had a higher profile in the world of DC pensions. Yet confusion as to the ESG capabilities and credentials of all parts of the investment chain, from providers, through schemes, to asset managers, remains rife.

This 72-page report comprises proprietary research that dissects the ESG and responsible investment strategies of all the main DC pension providers, including master trusts and GPP providers, as well as all the asset managers active in the UK DC universe. The report reveals and compares what providers and asset managers actually do in their default and other DC offerings, how much they tilt, screen and filter stocks and sectors, how they execute their stewardship responsibilities and how they approach net zero carbon. It includes profile pages summarising the ESG and responsible investment capabilities of all key asset managers in the UK DC universe.

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2020 Reports & Guides

Workplace Savings Report

This third iteration of Corporate Adviser Intelligence’s Workplace Savings Report benchmarks the proposition, market share and strategy of UK workplace savings product providers, monitors adviser attitudes to workplace savings and analyses key regulatory market, regulatory and sector trends. Assets in the defined contribution (DC) sector have continued to grow in the 12 months to June 2020, and in many cases have grown substantially. The Covid crisis has also affected other parts of the workplace savings sector: with a renewed focus on financial resilience from both employers and employees. Over the year there has been strong double-digit growth from some providers offering workplace Isas, although Isa assets remain a fraction of the size of the DC pensions market.

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Guide to Transferring to a Master Trust

The consolidation of defined contribution pension schemes into master trusts is a process that has been ongoing for a considerable time. But this journey is far from over. Today the number of single-employer DC trust schemes in existence is already less than half that of a decade ago, yet TPR data shows more than £33bn remains outside authorised master trusts, without including DB/DC hybrids. The opportunity for employers with single-employer trust schemes to switch to lower-cost yet in many cases better- run master trusts is vast.

This guide covers all stages of the transfer process – the size of the market, reasons for switching, factors to bear in mind when choosing, communication strategies, a timeline for transfers and perspectives from TPR, advisers, lawyers and trustees.

To request a copy click here.

Workplace Protection and Wellbeing Report

The Workplace Protection and Wellbeing Report 2020 is the second iteration of Corporate Adviser’s ground-breaking analysis of the group risk, corporate healthcare, cash plan business protection and wellbeing sectors.

The Report analyses market dynamics, show year-on-year market share changes, identify sector trends and interpret past and future regulatory changes. The 2020 report builds on our existing data set to give an unrivalled view of all key stakeholders delivering benefits to protect and improve the wellbeing of UK workers. The research examines key metrics considered useful to intermediaries, including providers’ business turnover, numbers of employers, target customer areas, product features and functionality and other factors key to advisers’ provider selection processes.

The report consists of qualitative data from providers, qualitative and quantitative research with consultants and advisers and in-depth interviews with key industry stakeholders, conducted by Corporate Adviser Intelligence’s research team. Chapters cover different product types and areas, with each provider also profiled in the report, making it a have-and-keep directory for intermediaries as well as a leading piece of research.

Master Trust and GPP Defaults Report

Master trust and GPP defaults are growing in scale exponentially, with the Master Trust and GPP Defaults Report showing that the master trust sector predicted to grow to £200bn by 2025 and around £340bn by 2030.

The report highlights the different strategies, asset allocation approaches, risk models and performance outcomes of 30 master trust and GPP default funds together investing over £89bn for more than 12 million UK savers. It also covers the different asset managers used and their approach to ESG, as well as investment advisers, technology, communications and at-retirement functionality.

 

ESG and Responsible Investing in DC Pensions Report

The ESG in DC Pensions Report details the various ESG and responsible investment options that are currently available in the DC pensions market, with an emphasis on master trusts and contract-based default investment strategies. It covers 15 asset managers with combine assets of over £11trillion.

The report looks at two key aspects of ESG. The first is capital allocation – examining in detail specific ESG or SRI funds offered, particularly in relation to default auto-enrolment options. Secondly it covers the wider issue of asset management

 

2019 Reports

Benchmarking Pension Contributions Special Report

An in-depth look into pensions contribution across the UK workplace landscape looking into DC, group personal and group stakeholder pensions. The report will analyse the trends across the different demographics and sectors. The aim of the report is to provide advisers and EBCs with a reference guide on pension contributions.

To request a copy, click here

 

 

Workplace Savings Report

The Workplace Savings Report analyses the proposition, market share and strategy of the workplace savings product providers, with combined assets in excess of £300bn, offering pensions and savings products to UK employers. It includes data and analysis of the emerging corporate Isa market, as well as research into payroll lenders. It also includes bespoke research conducted with over 60 senior employee benefit consultants and corporate IFAs which examines the factors they prioritise when sourcing providers for employers. The report also comprises qualitative research from numerous interviews with industry professionals, both providers and intermediaries.

 

Master Trust & GPP Defaults Report

The Master Trust & GPP Defaults Report is the leading source of in-depth data and research on the fast-growing master trust and contract-based pension market. The research includes detailed information on 32 of the biggest master trusts in the UK and the biggest contract-based schemes, together with assets of £56bn and more than 16 million members. The report examines performance and asset allocation at different stages of the savings journey, administration, technology and asset managers used. It also incorporates qualitative research with intermediaries and other stakeholders. The report has highlighted massive differences in approach to asset allocation and risk strategy by schemes, and wide variances in performance.

Workplace Protection and Wellbeing Report

Workplace Protection and Wellbeing ReportThis in-depth report into the state of the workplace wellbeing and protection sector, covering group risk, group PMI, health cash plans, business protection and wellbeing service provision. The report analyses market dynamics identifying trends in the sector and interpret how regulatory changes will influence future sector development. It will include qualitative and quantitative research into all parts of the workplace protection and wellbeing value chain – across administration and platforms, market coverage, product offering, lives covered, as well as an overview of regulatory changes. As part of the report we will also be profiling the propositions of providers of group risk, group PMI, health cash plans, business protection and wellbeing services individually.

This research report will offer detailed information on the propositions of all main providers in each sector, to give advisers, consultants and brokers an authoritative and definitive source of information on the size and shape of the market, product offerings and sector trends.

ESG and Responsible Investment in DC Pensions Report

The ESG in DC Pensions Report details the various ESG and responsible investment options that are currently available in the DC pensions market, with an emphasis on master trusts and contract-based default investment strategies. It covers 15 asset managers with combine assets of over £11trillion.

The report looks at two key aspects of ESG. The first is capital allocation – examining in detail specific ESG or SRI funds offered, particularly in relation to default auto-enrolment options. Secondly it covers the wider issue of asset management

 

2018 Reports

Workplace Savings Report

The Workplace Savings Report analyses the proposition, market share and strategy of the eight workplace savings product providers, with combined assets in excess of £310bn, offering pensions and savings products to UK employers. It includes bespoke research conducted with over 60 senior employee benefit consultants and corporate IFAs which examines the factors they prioritise when sourcing providers for employers. The report also comprises qualitative research from numerous interviews with industry professionals, both providers and intermediaries.

 

Master Trust Defaults Report

The Master Trust Defaults Report is the leading source of in-depth data and research on the fast-growing master trust and contract-based pension market. The research includes detailed information on over 20 of the biggest master trusts in the UK and the biggest contract-based schemes, together with assets of over £25bn and more than 10 million members.

 

 

 

 

For more information

To find out more information about the Corporate Adviser Intelligence reports, please contact:

Ricardo Medina
Commercial Director, Corporate Adviser
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