Uk savings market research report 2017

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FINANCIAL - BANKING

UK SAVINGS 2017: FORECASTS & FUTURE OPPORTUNITIES -JSB MARKET RESEARCH


OVERVIEW "UK Savings 2017 ", provides a complete market analysis of the factors driving the UK savings market and provides future opportunities and forecast. This report is based on interviews with industry figure and secondary research.


The UK retail savings market has been characterized by low levels of competition and low returns for several years, with the low base rate and access to cheap funding from state-backed schemes

leading to

downside pressure on interest rates.

SUMMARY However, the prospect of rising rates and the end of subsidized funding will lead to a more competitive environment, with banks having to increase their reliance upon deposits.


MARKET INSIGHTS The macroeconomic factors affecting the market for deposits. Consumers attitudes and behaviour towards

saving

and savings providers. The impact of the latest savings-related products and innovations. View Report: http://www.jsbmarketresearch.com/finance-banking/uk-savings2017-forecasts-future-opportunities


SCOPE The current low growth in real wages is expected to continue for several years, which will limit consumers ability to save. However, rising rates will create an added incentive to save, and pension liberalization will lead to greater inflows of funds into fixed-rate accounts. Savers reasons for choosing their provider differ significantly across the market. Nationwide is more likely to be chosen on the basis of its rates and reputation, while savers with Barclays, HSBC, Lloyds Bank, and NatWest opt for those banks on the back of existing relationships.


Learn about the factors that will drive growth in deposits over the next few years. Understand what consumer are saving for, and why they chose their savings provider. Discover more about the latest savings-related products, how they will improve consumer outcomes, and their long-term prospects.

REASONS TO BUY


TABLE OF CONTENTS

1. EXECUTIVE SUMMARY 2. MARKET ENVIRONMENT 3. CONSUMER BEHAVIOR 4. COMPETITIVE ENVIRONMENT 5. INNOVATION 6. APPENDIX


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