Oxera logo

The retirement income market: comparative international research

Oxera’s study examines the retirement income markets in countries with experience relevant to the UK in terms of consumers making decisions upon retirement about retirement income products. The focus is on the competitive dynamics of retirement income markets, the providers, the types of products available, the behaviour of consumers, and the regulation of these markets. 
 
Ten countries were included in the study in addition to the UK: Australia; Canada; Chile; Denmark; Ireland; the Netherlands; New Zealand; Singapore; Switzerland; and the USA. Their experience provides some useful observations on how consumers make choices at retirement, the current understanding of what affects those choices, and how markets have developed under different regulatory regimes. This will help both the FCA and the industry to create a market that works well for pensioners and delivers what they need to best enjoy their retirement. 
 
The full report is available below and the individual country analysis is available here.