# New pension investments up by 24% in 2016 Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-04-18 Category: INVESTING Category URL: https://financedigest.com/category/investing Meta Title: 87% Increase in Flexible Drawdown Single Premium Inflows in Meta Description: Discover how Equifax Touchstone data shows a significant increase in new pension investments in 2016, with total inflows reaching £1.6 billion. URL: https://financedigest.com/new-pension-investments-up-by-24-in-2016html ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/img1830-1783-1736843931351-compressed.jpg) - **Flexible drawdown single premium inflows up by 87%** Analysis from Equifax Touchstone, a market leading intermediary database provider, shows that new pension investments (excluding transfers) were up by almost a quarter (24.0%) in 2016, rising to £17.4 billion from £14.0 billion in 2015. New inflows for the final quarter of the year were also up 10.6% on Q3 to £4.6 billion. Single premium flexible drawdown inflows jumped 87% in the year to £1.6 billion, a [value increase of £0.7 billion](https://www.financedigest.com/sulphur-recovery-technology-market-value-to-grow-by-almost-1-2-billion-during-2021-2031.html "Sulphur Recovery Technology Market Value to Grow by Almost .2 Billion During 2021-2031") on 2015. The data, which covers more than 90% of the UK’s leading life and pensions companies, shows that including transfers, total pension [investments for the year](https://www.financedigest.com/the-10-year-model-and-beyond-why-you-should-take-a-long-term-outlook-to-investment-strategy.html "The 10-year model and beyond – why you should take a long-term outlook to investment strategy") reached £33.7 billion, up by 18.6% on the previous year (2015: £28.4 billion). Transfers across all pension products were also up by 18.7% to £16.1 billion, reflecting a continued demand for investors to adjust their retirement arrangements and [access the appropriate product](https://www.financedigest.com/why-make-fintech-products-accessible-for-all.html "Why Make Fintech Products Accessible For All?") wrapper for their needs. SIPP inflows increased in 2016 by 16.2% (£2.3 billion). [Total SIPP sales](https://www.financedigest.com/duct-tapes-market-to-grow-at-5-2-natural-rubber-based-adhesives-to-contribute-over-4-5th-of-total-sales-fmi.html "Duct Tapes Market to Grow at 5.2%; Natural Rubber-Based Adhesives to Contribute Over 4/5th of Total Sales: FMI") for the year stood at £16.8 billion compared to £14.4 billion in 2015. John Driscoll, Director at Equifax Touchstone, said: “It’s promising to see 2016 [end on a high after weak Q3 figures when inflows fell on market](https://www.financedigest.com/industrial-catalytic-converters-market-competitive-growth-strategies-based-on-type-applications-end-user-and-region.html "Industrial Catalytic Converters Market Competitive Growth Strategies Based on Type, Applications, End User and Region") uncertainty from events including Brexit. Strong [stock market](https://www.financedigest.com/yes-winning-the-euros-really-can-help-your-stock-market.html "Yes, winning the Euros really can help your stock market") performance towards the end of the year prompted a recovery in investor sentiment, a trend which has continued into the New Year, indicating continued growth in pension investments in the months ahead. “For 2017, transfers will be an interesting [area to watch; growing concerns around financing retirement will continue to drive people towards final salary transfers](https://www.financedigest.com/4-areas-of-finance-you-should-be-watching.html "4 Areas of Finance You Should Be Watching"). Investor jitters around the security of final salary schemes following high-profile issues will also contribute to a [continued rise](https://www.financedigest.com/bitcoin-price-rises-past-50000-as-rebound-continues.html "Bitcoin price rises past ,000 as rebound continues") in transfer volumes as more ‘insistent’ clients consider final salary transfers to access their savings.” Equifax Touchstone utilises intermediary and customer [profiling tools to enable financial services providers obtain a detailed](https://www.financedigest.com/automotive-chrome-trim-products-market-industry-analysis-and-detailed-profiles-of-top-industry-players.html "Automotive Chrome Trim Products Market: Industry Analysis and Detailed Profiles of top Industry Players") understanding of their marketplace and client base. **2015****2016**Total pension investments (including transfers)£28,413,369,746£33,710,650,285Total pension investments (excluding transfers)£14,041,610,931£17,415,390,995Pension transfers _1_£13,582,893,072£16,120,038,268Flexible drawdown (single premium)£857,861,643£1,604,491,927Flexible drawdown (transfer)£1,862,962,513£2,494,000,779SIPP (single premium)£7,700,607,490£9,136,831,707SIPP (transfer)£6,719,792,209£7,624,755,762 **_Please note:_** _Pension Trans. reflects transfers into Personal Pensions only, not SIPPs or stakeholder pensions_ - _Figures are representative and designed to illustrate trends – not all product providers submitting [data to Touchstone can provide a breakdown between SIPP and flexible drawdown transfers](https://www.financedigest.com/the-gdpr-and-the-future-of-data-transfer-by-ben-seretny-head-of-dpos-the-dpo-centre.html "The GDPR and the future of data transfer – by Ben Seretny, Head of DPOs, The DPO Centre")_ - _Figures do not include regular premiums_ --- This blog is powered by Superblog. 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