Report Summary

Americans' retirement savings market have grown substantially during the past two decades, reaching a record estimated value of US$ 17.6 Trillion in 2007, accounting for approx 40% of all household financial assets in the US. And the performance of the retirement solutions market is expected to accelerate further in coming years as Americans look more serious about their income sources in old-age life span due to their increasing life expectancies. To throw light on the US retirement market and highlight the growth opportunities in retirement savings market, our team has published its report titled "Retirement Solutions Market in US". It covers private sector pension plans, both defined benefit and defined contribution, government pension plans, annuities (detailed analysis), and individual retirement accounts.

This report helps clients to analyze the leading-edge opportunities critical to the success of the market. Based on this analysis, the report predicts the future of the market that is intended as a rough guide to the direction in which the market is likely to move.

Key Findings

- Defined Contribution (DC) and IRA (Individual Retirement Accounts) accounts for the majority of retirement assets in the US and are predicted to see significant growth in future.
- Consideration for individual and group annuities is anticipated to grow at a CAGR of about 11% and 5% respectively for the period 2008 to 2012.
- Defined Benefits (DB) and government plans assets are predicted to grow at a CAGR of about 7.75% and 9% respectively during the forecast period.
- Improving life expectancies and mortality rates are the main driving factors of the retirement solutions markets in the US.
- US retirement solutions market offers huge scope for IT solution providers to improve their existing level of operating efficiency.
- Underestimating life expectancy, overlooking rising health care costs and retirees assumption that they can work are some of the main roadblocks for the market.

Key Issues & Facts Analyzed

- What are the various types of retirement solutions available in the US?
- What factors are driving the retirement solutions market in the country?
- How is the market performing currently and how it will perform in coming years?
- Which is the fastest growing product in retirement solutions market?
- Which factors are hampering the growth of the retirement solutions market?
- What are other markets which would be benefited by growth in retirement solutions market?

Research Methodology Used

Information Sources
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.

Analysis Methods
The analysis method includes ratio analysis, historical trend analysis, and linear regression analysis using software tools, judgmental forecasting and cause and effect analysis.

Table of Contents

Chapter 1    Analyst View

Chapter 2    US Retirement Solutions Market - An Overview

Chapter 3    Attractants for US Retirement Solutions Market

3.1 Mortality Pulse
3.2 Life Expectancy
3.3 Old-age Population
3.4 Healthcare Cost

Chapter 4    Market Performance

4.1 Individual Retirement Accounts
4.1.1 Traditional Plans
4.1.2 SEP & SAR-SEP Plans
4.1.3 Roth Plans
4.1.4 SIMPLE Plans
4.2 Defined Contribution Plans
4.2.1 401(k) Plans
4.2.2 403(b) Plans & 457 Plans
4.2.3 Others
4.3 Private Defined Benefit Plans
4.4 Government Pension Plans
4.5 Annuities
4.5.1 Individual Annuities
4.5.2 Group Annuities
4.5.3 Supplementary Contracts
4.5.4 Performance - By State
4.5.5 Performance - By Company

Chapter 5    Future Outlook

5.1 Individual Retirement Accounts
5.2 Private Defined Benefit Plans
5.3 Defined Contribution Plans
5.4 Government Pension Plans
5.5 Annuities
5.5.1 Individual Annuities
5.5.2 Group Annuities
5.5.3 Supplementary Contracts

Chapter 6    Growth Prospects

6.1 IT Market
6.2 Long-term Care Insurance
6.3 Investment Bankers & AMCs
6.4 Advertising Media
6.5 Employment

Chapter 7    Growth Blockers

7.1 Underestimating Life Expectancy
7.2 Healthcare Cost
7.3 Retirees' Assumption that They Can Work

Figures

Figure 2-1: US - Retirement Plan Assets* (in Trillion US$), 2002-2007E
Figure 3-1: US - Age-adjusted Death Rate by Gender (per '000 Population), 2001-2006E
Figure 3-2: US - Life Expectancy at Variable Age by Gender (in Year), 2004
Figure 3-3: US - Forecast for Population in the Age Group of 65 Years & Above (in Million), 2000*, 2010, 2020 & 2030
Figure 3-4: US - Per Capita Healthcare Spending by Age Group (in US$), 2005
Figure 4-1: US - Individual Retirement Account Assets (in Trillion US$), 2002-2007E
Figure 4-2: US - Individual Retirement Account Assets by Institution (%), 2007
Figure 4-3: US - Traditional Plan Assets (in Billion US$), 2002-2006E
Figure 4-4: US - SEP & SAR-SEP Plan Assets (in Billion US$), 2002-2006E
Figure 4-5: US - Roth Plan Assets (in Billion US$), 2002-2006E
Figure 4-6: US - SIMPLE Plan Assets (in Billion US$), 2002-2006E
Figure 4-7: US - Defined Contribution Plan Assets (in Trillion US$), 2002-2007
Figure 4-8: US - Breakup of Defined Contribution Plan Assets (%), 2007E
Figure 4-9: US - Defined Contribution Plan Assets by Institution (%), 2007
Figure 4-10: US - 401(K) Plan Assets (in Billion US$), 2002-2007E
Figure 4-11: US - 403(b) Plan & 457 Plan Assets (in Billion US$), 2002-2007
Figure 4-12: US - Other Defined Contribution Plan* Assets (in Billion US$), 2002-2007
Figure 4-13: US - Private Defined Benefit Plan Assets (in Trillion US$), 2002-2007
Figure 4-14: US - Government Pension Plan* Assets (in Trillion US$), 2002-2007
Figure 4-15: US - Annuity Consideration (in Billion US$), 2003-2007E
Figure 4-16: US - Breakup of Net Premium Receipts of Life Insurers (%), 2006
Figure 4-17: US - Annuity Reserves (in Billion US$), 2003-2006
Figure 4-18: US - Annuity Benefit Payments (in Billion US$), 2003-2006
Figure 4-19: US - Individual Annuity Consideration (in Billion US$), 2003-2007E
Figure 4-20: US - Individual* Annuity Consideration by Frequency of Receipts (%), 2006
Figure 4-21: US - Individual Annuity Reserves (in Billion US$), 2003-2006
Figure 4-22: US - Individual Annuity Benefit Payments (in Billion US$), 2003-2006
Figure 4-23: US - Group Annuity Consideration (in Billion US$), 2003-2007E
Figure 4-24: US - Group Annuity Consideration by Frequency of Receipts (%), 2006
Figure 4-25: US - Group Annuity Reserves (in Billion US$), 2003-2006
Figure 4-26: US - Group Annuity Benefit Payments (in Billion US$), 2003-2006
Figure 4-27: US - Supplementary Contract Consideration (in Billion US$), 2003-2007E
Figure 4-28: US - Supplementary Contract Reserves (in Billion US$), 2003-2006
Figure 4-29: US - Supplementary Contract Benefit Payments (in Billion US$), 2003-2006
Figure 5-1: US - Forecast for Individual Retirement Account Assets (in Trillion US$), 2008-2012
Figure 5-2: US - Forecast for Private Defined Benefit Plan Assets (in Trillion US$), 2008-2012
Figure 5-3: US - Forecast for Defined Contribution Plan Assets (in Trillion US$), 2008-2012
Figure 5-4: US - Forecast for Government Pension Plan Assets (in Trillion US$), 2008-2012
Figure 5-5: US - Forecast for Individual Annuity Consideration (in Billion US$), 2008-2012
Figure 5-6: US - Forecast for Group Annuity Consideration (in Billion US$), 2008-2012
Figure 5-7: US - Forecast for Supplementary Contract Consideration (in Billion US$), 2008-2012
Figure 6-1: US - Annuity Market Spending on IT (in Billion US$), 2005, 2007, 2009F & 2011F
Figure 6-2: US - Breakup of Annuity Market Gross Investment Income (%), 2006

Tables

Table 4-1: US - Annuity Benefit Payments by State (in '000 US$), 2006
Table 4-2: US - Net Individual Annuity Consideration of Top Life Insurers (in '000 US$), 2006
Table 4-3: US - Net Group Annuity Consideration of Top Life Insurers (in '000 US$), 2006