Published on : Nov 21, 2017
Albany, New York, November 21, 2017: Market Research Hub (MRH) has recently included a new study on ISAs – UK – November 2017 in its existing reports repository. The report presents information on key factors responsible for posing a threat to the ISA market in the UK. The analysis presented in the report identifies a failing ratio of savings along with the impact of a new launch pertaining to personal savings allowance as a key threat to the UK ISA market. According to the report forecasts, market contributions are anticipated to fall for the fourth consecutive year running in 2016 – 2017. The report also indicates that lower interest rates and the proliferation of online and digital platforms have created a renewed interest in the shares and stocks ISA market across the UK. Together with the launch of Lifetime ISA, this new development offers good potential for the growth of the market in the coming years.
The report begins with a succinct executive summary after providing a brief overview of ISAs in the UK. The report features an exhaustive analysis of the market and covers some of the key aspects pertaining to ISAs in the UK such as:
- The total number of ISAs along with details on the subscription amounts; the report suggests that Lifetime ISA comes with the capability to revive the ISA cash market
- A comprehensive forecast of the total value of adult ISA subscriptions in cash as well as stocks and shares
- Details of gross household savings on a quarterly basis for the period Q1 2013-Q1 2017
- A ranking of the top ISA cash providers based on proportion of holders; the report indicates that Fidelity is currently the largest provider of ISA shares and stocks
- The top 10 ISA investment providers based on funds currently under management
- The overall expenditure pertaining to advertising for ISAs including online displays, direct mails, and ATL advertising
In-depth Market Insights
The report forecasts that subscriptions in cash are likely to witness a fall while there will be a slight rise in shares and stock. The personal savings allowance scheme may undermine the benefits of ISA. Growth in the number of contributions are expected to be largely driven by ISA shares and stocks. According to the report, people are expected to go beyond the main banking source to invest in shares and stock.
The report presents useful insights on the various companies likely to remain dominant in the ISA market in the UK. Nationwide is currently the largest provider of ISAs in cash while the market for Lifetime ISA is dominated by shares and stocks. New FinTech has been offering investment services to the people of the UK. High street banks are expected to remain dominant in the market. The top market providers are devising new ways to enable people to increase their current investments in shares as well as stocks. While the ISA market is governed by flexible rules, not all the market providers have adapted to these rules.
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