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By establishing partnerships with well-known ‘cashback’ websites, financial services providers can help people free up extra cash that can be used for saving. Whenever a purchase is made via one of these websites, the cashback earned could automatically be paid into a linked savings account.” http://www.bharatbook.com/investment-banking-and-venture-capital-market-research-reports/consumers-saving-and-investing-uk.html – George Zaborowski, Senior Financial Services Analyst Some questions answered in this report include: How can providers foster a greater sense of loyalty among savers? Can anything be done to help those strapped for cash and time? What can be done to make investing more appealing to young people? How can more savers be encouraged to think longer term? Table of Contents Introduction Abbreviations Executive Summary The retail savings and investment environment Persistent uncertainty ensures the savings ratio remains elevated Figure 1: Quarterly changes in GDP* and the savings ratio**, 1998-Q3 2012 Retail savings balances rise to £1.2 trillion Figure 2: Retail savings balances outstanding, by sector, 2003-12^ Overall ISA contribution levels flat in 2011/12 Net sales of investment funds more than halved during the past three years Market factors The prolonged squeeze on incomes has decreased but pressure remains Figure 3: Monthly change in RPI and average weekly earnings, January 2009-October 2012 Consumer context – Britons are more upbeat than a year ago… …but still cautious about the next year Figure 4: Financial confidence, November 2011 vs. November 2012 Saving still a top priority Ownership of savings and investments More than four in five Britons own a cash-based savings product Figure 5: Savings and investment product ownership, November 2012 Investible asset levels mostly concentrated at values below £30,000 Figure 6: Level of investible assets*, November 2012 Savings and investment goals For more information kindly visit : Consumers, Saving and Investing - UK Or Bharat Book Bureau Tel: +91 22 27810772 / 27810773 Fax: + 91 22 27812290 Email: info@bharatbook.com Website: www.bharatbook.com Follow us on twitter: https://twitter.com/researchbook Our Blogs: http://www.linkedin.com/company/bharat-book-bureau http://financemarketreports.blogspot.com/
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