UK's affluent segment (including HNWs and mass affluents) accounted for 34.9% of the total population and held 91.1% of UK's total onshore liquid assets in 2021. Economic recovery in 2021 resulted in a rebound in stock market valuations. Consequently, individuals who invested some portion of their wealth in equities and mutual funds were able to recover the losses they incurred in 2020. As a result, affluent individuals' liquid assets are predicted to have risen by 7.5% in 2021, while the liquid assets of HNWs grew by 11.0%. Deposits account for the largest share of the UK retail savings and investment portfolio, constituting more than 46% of overall balances. Between 2022 and 2026, we expect the retail savings and investments market to record a compound annual growth rate (CAGR) of 5.9%. This will mainly be driven by mutual funds, which are forecast to expand at a CAGR of 9.0% over 2022-26. Robo-advice accounts for 11.3% of the UK HNW portfolio. The market for robo-advisory services is growing in the HNW space in UK, with multiple wealth managers entering the space.
- HNW individuals constituted only 0.82% of the total adult population of UK in 2021.
- Discretionary mandates dominate the UK HNW wealth market.
- Deposits remain the most popular investment avenue for UK individuals, indicating their preference for safe-haven investment asset classes.
- Bonds continued to form a small proportion (0.5%) of retail investment portfolios in 2021.
Reasons to Buy
- Make strategic decisions using top-level historic and forecast data on UK's wealth industry.
- Identify the most promising client segment by analyzing the penetration of affluent individuals.
- Receive detailed insights into retail liquid asset holdings in UK.
- Understand the changing market and competitive dynamics by learning about new competitors and recent deals in the wealth space.
- See an overview of key digital disruptors in the country's wealth market.
Table of Contents
- The UK Wealth Market
- Investor Insights
- Resident Savings and Investments
- Digital Disruptors
- Recent Deals
A selection of companies mentioned in this report includes:
- Bank of England
- The Investment Association
- London & Capital
- Pires Investments
- Debite FS
- Integrity Wealth Solutions