歐洲投資商品的流通預測

本報告已在2011年07月19日停止出版。

簡介

目錄

Abstract

Overview

Introduction

This brief looks at the future of distribution of long-term investment products in Europe. The market for long term investment products is projected to grow strongly in coming years. Demographic change, regulatory developments and the evolution of the pensions landscape is driving a diversification in distribution channels and opening up the markets for new entrants.

Scope

• Sizes and forecasts the European market for retail assets and high net worth individuals
• Examines the key issues facing distributors in these markets
• Assesses how regulatory changes will impact distribution in these geographies
• Provides action points for firms operating in these changing markets

Report Highlights

Datamonitor believes that a significant opportunity exists to develop profitable distribution strategies for long term investment products in Europe over the next five years. The expanding pool of wealth will drive demand both for financial advice and for investment products

Although bancassurance has been traditionally dominant in most European markets, shifts in the pensions landscape coupled with regulation to improve the standards adhered to by financial advisors, is opening up the distribution landscape.

Reasons to Purchase

• Gain insight into the scale and scope of the European investment distribution market.
• Understand the nature of the regulatory environment in Europe
• Obtain invaluable information as to the state of the distribution landscape in Europe

Table of Contents

• DATAMONITOR VIEW
  • CATALYST
  • SUMMARY
• EXECUTIVE SUMMARY
• MARKET SIZE
  • The European market for private investments is robust and growing
    • Market growth is having an important effect on the distribution landscape
    • Liquid assets in Germany and the UK are particularly high
    • Liquid assets across the key European markets are projected to grow strongly in value
    • The growth in the value of long term investment assets is more variable across Europe
    • The UK is home to a proportionally large number of high net worth individuals
    • The number of mass affluent and high net worth individuals is projected to grow steadily
    • Overall growth in the high net worth sector is predicted to be even stronger
  • The sophistication of the financial advisory sector varies widely across Europe
    • The financial intermediary population is often swelled by largely unqualified advisors
    • The regulatory purity of investment markets in Europe varies widely
      • Limited regulation in Germany may open up opportunities for quality investment advice
      • The UK and Switzerland are subject to detailed regulatory guidelines
      • The IFA sector in the UK is particularly well developed
    • Single tied advisors dominate the advisory markets in a majority of European countries
  • Bancassurance is currently the dominant distribution channel in Europe
    • A significant proportion of long term investment assets are distributed via the bancassurance channel
    • France is the largest bancassurance market in Europe
    • The distribution landscape in Germany is slowly diversifying
    • The UK and Switzerland represent exceptions to the rule
    • Data
• MARKET DRIVERS
  • The bancassurance channel is very strong across most of Europe
    • In continental Europe, the bancassurance channel dominates the distribution of retail investment products
    • Consumers in much of Europe are unused to paying for financial advice
    • The strength of the banking channel is driving the development of bancassurance partnerships
  • Demographic change is stretching state pension schemes to breaking point
    • The support ratio is decreasing in almost all European countries
  • The closure of defined benefit schemes is polarizing the market
    • Mass market consumers are driving demand for long term investments via the bancassurance channel
    • However, as defined benefit schemes close, more affluent consumers are seeking independent advice
      • In turn, this has driven the development of partnerships with firms of financial advisors
  • In the UK, foreign and domestic banks are responding to consumer demand for long term investments
    • Foreign banks have identified an opportunity to compete with the IFA sector in the UK for top end clients
    • Domestic banks are considering developing their own distribution channels
• REGULATION
  • Regulatory change has had a key impact on the investment and savings landscape in Europe
    • The Financial Services Action Plan was intended to create a unified financial services market in Europe
      • Insurance Mediation Directive
      • Markets in Financial Instruments Directive (MiFID)
  • Other pieces of national legislation are also having an impact on the investment distribution landscape
    • A new financial advice certificate is being developed in Spain
    • The new status of Conseiller en Investissement Financier has been established in France
    • The effects of depolarization in the UK are slowly effecting a shift in the distribution landscape
    • The Treating Customers Fairly initiative in the UK was intended to ensure the quality of financial advice
• ACTION POINTS
  • European markets offer strong potential for distributing investment products
    • Demand for investment products is growing across Europe
    • Increasing demand combined with the impact of regulation is opening up the distribution landscape
  • Distribution strategies must be tailored to different markets and market segments
    • Each market and consumer segment requires a clearly differentiated strategy
    • In order to develop effective distribution networks, partnerships can be highly effective
  • As the pensions market evolves, opportunities emerge to sell new investment products
    • Variable annuities may become a more prominent feature in the European investment landscape
• APPENDIX
  • Definitions
  • Further reading
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer
  • List of Tables
    • Table 1: Value of liquid assets in Europe in 2006e, EURbn
    • Table 2: Projected value of European liquid assets, 2005 - 2010f, EURbn
    • Table 3: European life and pensions assets, 2006e - 2010f EURbn
    • Table 4: European mutual funds assets, 2006e - 2010f EURbn
    • Table 5: Number of wealthy individuals in Europe, 2006e (000s)
    • Table 6: Number of mass affluent individuals in Europe, 2006e - 2010f
    • Table 7: Number of high net worth individuals in Europe, 2006e - 2010f
    • Table 8: Financial intermediaries in Europe segmented by type, 2005
    • Table 9: Financial intermediaries in Europe segmented by channel (%), 2005
  • List of Figures
    • Figure 1: Value of liquid assets in Europe in 2006, EURbn
    • Figure 2: Projected value of European liquid assets, 2005 - 2010f, EURbn
    • Figure 3: European life and pensions assets, 2006e - 2010e EURbn
    • Figure 4: European mutual funds assets, 2006e - 2010e EURbn
    • Figure 5: Number of wealthy individuals in Europe, 2006
    • Figure 6: Number of mass affluent individuals in Europe, 2006e - 2010f
    • Figure 7: Number of high net worth individuals in Europe, 2006e - 2010f
    • Figure 8: Individual financial intermediaries in Europe segmented by country, 2005
    • Figure 9: Modified number of Individual financial intermediaries in Europe segmented by country, 2005
    • Figure 10: Comparative size and sophistication of European investment markets
    • Figure 11: Financial intermediaries in Europe segmented by channel (%), 2005

相關商品

投資相關市場調查報告書

中國投資指南系列(3) 投資中國：外國投資計劃與事業領域的申請與認可指南
The Invest in China Guidebook Series (3) Invest in China: A Guidebook for Application and Approval of Foreign Investment Projects and Business Scope
價格 : US $ 2000
出版日期 : 2011年12月

中國投資指南系列(4) 中國的外國投資計劃與事業領域的申請與認可相關法律以及行政法規集
The Invest in China Guidebook Series (4) Collection of Chinese Laws and Administrative Regulations for Application and Approval of Foreign Investment Projects and Business Scope
價格 : US $ 2000
出版日期 : 2011年12月

中國前50大不動產企業（2011∼2012年）
Research Report on Top 50 Companies in China's Real Estate Industry, 2011-2012
價格 : US $ 2800
出版日期 : 2011年11月

Datamonitor發行的銀行業務相關市場調查報告書

中歐·東歐的富裕階級市場資料庫 2011

Central and Eastern European Wealth Markets Database

價格 : US $ 10000

出版日期 : 2012年01月

效能比率基準評估:英國的責任險市場 2011

Performance Ratio Benchmarking: Liability 2011

價格 : US $ 1995

出版日期 : 2012年01月

效能比率基準評估:英國的傷害疾病保險市場 2011

Performance Ratio Benchmarking: Accident and Health Insurance 2011

價格 : US $ 1995

出版日期 : 2012年01月

Email Alert(Email 通知) - 最新市場調查報告書

GII 將每天定期更新最新市場調查報書資訊，選擇您有興趣的市場分類，我們將用Email的方式讓您收到最新訊息!