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Retail Saving in the UK, Key Trends and Opportunities to 2018

Published By :

Timetric

Published Date : Apr 2014

Category :

Banking

No. of Pages : 61 Pages


Synopsis

This report provides market analysis, information and insights into the UK retail savings market:

  • It provides a breakdown of the different forms of retail savings in the UK
  • It analyses drivers and the outlook for the market
  • It provides information on the main banks in the UK market
  • It covers news and regulatory developments
Executive summary

Consumers\' increasing saving motivations since the recession has led to five consecutive years of moderate growth in the retail savings industry, despite low interest rates, high unemployment and lower wages.

Scope

This report provides market analysis, information and insights into the UK retail savings market:

  • It provides a breakdown of the different forms of retail savings in the UK
  • It analyses drivers and the outlook for the market
  • It provides information on the main banks in the UK market
  • It covers news and regulatory developments

Reasons to buy

Gain an understanding of the UK retail savings industry


Key highlights

Consumers\' increasing saving motivations since the recession has led to five consecutive years of moderate growth in the retail savings industry, despite low interest rates, high unemployment and lower wages.

Table of contents

1 Executive Summary

2 Introduction

3 Market Analysis

4 Consumers

5 Competitive Landscape

6 Porter\'s Five Forces Analysis

7 Regulations and Compliance

8 Deals

9 News

10 UK Retail Banks

11 Statistics

12 Appendix

List of Table

Table 1: Banking Industry Definitions 8
Table 2: The UK – Cash ISA Market Summary, Financial Years 2009–2013 15
Table 3: The UK – Retail Savings Market Summary (GBP Billion, end-year), 2009–2013 22
Table 4: The UK – Interest Rate Expectations, 2011–2014 30
Table 5: The UK Retail Saving – Competitor Interest Rates (%), Financial Year 2014/15 33
Table 6: The UK Retail Saving – SWOT Analysis 35
Table 7: Recent and Upcoming Regulatory Changes 40
Table 8: Barclays Plc, Key Facts 44
Table 9: Barclays Plc, Main Savings Products 44
Table 10: Barclays Plc, Board of Directors 45
Table 11: HSBC Bank Plc, Key Facts 46
Table 12: HSBC Bank Plc, Main Savings Products 46
Table 13: HSBC Bank Plc, Board of Directors 47
Table 14: Lloyds Banking Group Plc, Key Facts 48
Table 15: Lloyds Banking Group Plc, Main Products 48
Table 16: Lloyds Banking Group Plc, Board of Directors 49
Table 17: National Savings and Investments, Key Facts 50
Table 18: National Savings and Investments, Main Products 50
Table 19: National Savings and Investments, Board of Directors 51
Table 20: Nationwide Building Society, Key Facts 52
Table 21: Nationwide Building Society, Main Products 52
Table 22: Nationwide Building Society, Board of Directors 53
Table 23: Santander UK Plc, Key Facts 54
Table 24: Santander UK Plc, Main Products 54
Table 25: Santander UK Plc, Board of Directors 55
Table 26: The Royal Bank of Scotland Group Plc, Key Facts 56
Table 27: The Royal Bank of Scotland Group Plc, Main Products 56
Table 28: The Royal Bank of Scotland Plc, Board of Directors 57
Table 29: The UK – Retail Savings Market (GBP Billion), 2009–2013 58
Table 30: The UK – Retail Savings Market (GBP Billion), 2014–2018 58

List of Chart

Figure 1: The UK – Household Cash Deposits – Balances Outstanding (GBP Billion), 2007–2013 11
Figure 2: The UK – Deposits by Institution (GBP Billion), 2008–2013 12
Figure 3: The UK – Balances Outstanding on Household Deposits at Monetary and Financial Institutions (GBP Billion), 2008–2013 13
Figure 4: The UK – Balances Outstanding on Household Deposits at National Savings and Investments (GBP Billion), 2008–2013 14
Figure 5: The UK – Balances Outstanding on Household Deposits in Cash ISAs (GBP Billion), 2008–2013 15
Figure 6: The UK – Cash ISA Balances as a Share of Total Deposit Balances Outstanding (%), 1999–2013 16
Figure 7: The UK – Sight and Time Deposits Balances Outstanding at Monetary and Financial Institutions (GBP Billion), 2008–2013 17
Figure 8: The UK – Average Saving Account Interest Rates (%, End-year), 2011–2013 18
Figure 9: The UK – Household Cash Deposits – Balances Outstanding (GBP Billion), 2014–2018 20
Figure 10: The UK – Balances Outstanding at Monetary and Financial Institutions (GBP Billion), 2014–2018 20
Figure 11: The UK – Balances Outstanding at NS&I (GBP Billion), 2014–2018 21
Figure 12: The UK – Balances Outstanding in Cash ISAs (GBP Billion), 2014–2018 21
Figure 13: The UK – Retail Savings Market Growth Dynamics (%), 2009–2018 22
Figure 14: The UK – Real GDP Growth (%), 2008–2018 23
Figure 15: The UK – Unemployment and Redundancy Rates (%), 2004–2012 24
Figure 16: The UK – Average Weekly Earnings (GBP), 2004–2013 24
Figure 17: The UK – Household Disposable Income (GBP), 1997–2013 25
Figure 18: The UK – Consumer Price Inflation (%), 2004–2013 26
Figure 19: The UK – Bank of England Rate (%), 2004–2014 27
Figure 20: The UK – Household Savings Ratio (%), 2004–2013 28
Figure 21: The UK – Bonus and Standard Savings Account Interest Rates (%), 2011–2013 29
Figure 22: The UK – Number of Complaints About Savings Products, 2006–2013 30
Figure 23: Market Shares of the 10 Leading Retail Saving Institutions (%), 2013 32
Figure 24: The UK Retail Saving – Five Forces Analysis 36
Figure 25: The UK – Banking Regulatory Framework 38

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