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Extended Financial Families Market Assessment 2005


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Previewing a Market Assessment

Published Date :
August 2005find similar
Report Type :
Market Assessmentfind similar
Report Sector :
Business Servicesfind similar
Price :
£ 575
Contents :
17 Chapters

Table of Contents

The table of contents below is for Extended Financial Families 2005

Executive Summary

1. Introduction

The Topic

Objectives

Methodology

Original Research

Problems In The Research Process

Definition

2. Strategic Overview

The Socio-economic Structure

Table: The Uk Government's Former And Current Occupational Classifications

Table: Socio-economic Classification And Economic Activity Of Household Reference Persons In Great Britain (000 And %),

Market Dynamics

Market Issues

Market Status

Market Value

Distribution

Competitive Structure

Leading Companies

Advertising

Top Advertisers

Consumer Trends

Market Forecasts

Potential And Problems

Scenario: No Tax

Scenario: A Lot Of Tax

Key Points

3. Patterns Of Income And Wealth

Democratic Trap

Table: Composition Of Household Income In The Uk (% Of Households' Income In Each Category And £bn), ,, And-2003

Women's Incomes Lag

Where Are All The Supposed Well-paid Jobs For Women?

Table: Income Bands In The Uk By Sex By Range Of Total Income Before Tax (000 And %),/2005

Disposable Incomes Rise Less Than Gross Incomes

Table: Household Income In The Uk By Age Of Household Reference Person (% And £),/2003 And/2004

Table: Sources Of Household Income In The Uk By Age Of Household Reference Person (% Of Gross Income),/2004

Income Statistics Mislead

Financial Wealth Recovers To A Point

Table: Net Wealth Of The Uk Household Sector At Constant Prices (£bn),, And-2003

Table: Distribution Of Marketable Wealth Within The Uk's Household Sector (% Owned By Adults Aged And Over And £bn),, And-2003

Table: Estimated Marketable Wealth Distribution Within The Uk's Household Sector At Current Prices (% And £bn),st December

Dearth Of Savings

Table: Households In Great Britain By Amount Of Savings And Total Weekly Household Income (%),/2003

Key Points

4. Debt: Barrier To Future Prosperity

Just A Few Billion More

What's A Few Billion Among The Uk's Households?

Table: Credit Growth In The Uk (£m And Index=100),-2005

Deficit Dangers

Table: Gross Income And Expenditure Of Uk Households (£),/2004

Shifting The Burden To The Next Generation

Key Points

5. Inheritance Tax: Barrier To The Extended Financial Family

Homes Worth More Than The Tax Threshold

Table: Payment Of Inheritance Tax In The Uk (£m And %),/1985,/1995 And/2005

Tax Banding Proposal

Exemptions Favour Farmers And Family Businesses

Cutting The Impact Of Inheritance Tax In Other Ways

Key Points

6. Maximising Savings

`saving Is For The Foolish'

Low-level Saving

Table: Average Household Spending On Life Assurance, Pensions, Medical Insurance And Savings And Investments In The Uk (£),/1998 And/2000-2003/2004

Figure: Average Household Spending On Life Assurance, Pensions, Medical Insurance And Savings And Investments In The Uk (£),/1998 And/2000-2003/2004

Table: Households' Weekly Spending On Life Assurance, Pensions, Medical Insurance And Savings And Investments By Income Decile In The Uk (£ Per Week), /2003 And/2004

Means Testing

Barriers To Pension Saving

Upside-down Subsidies

Contracting Out Not So Clever

Unprotected Protection Fund

Pooled Savings

New Stakeholder Savings

Depolarisation

Skipton Building Society: Opening Up Debate

Key Points

7. A Roof For The Extended Family?

Building For The Larger Family

Equity Release And Inheritance Tax

Long Mortgages

Property In Trusts And Sipps

Key Points

8. Paying For Care: The Means-test Trap

Long-term Care Swallows Capital

Insurance Unpopular

Big Rise Coming In Those Aged Over

Table: Forecast Rise In The Number Of Persons Aged And Over In The Uk By Age Band (million), And

Key Points

9. Promotion

Introduction

Advertising Pressure To Borrow

Few Brands Dominate Advertising

Limited Concern With Future Financial Prosperity

Key Points

10. An International Perspective

Unplanned Consequences

Conundrum For France

Pre-industrial Legacy

French System Favours Lower And Middle Earners

Not Enough New Jobs

Tough For Germans Too

Issues For Europe

Governments Are Overspending

Table: Government Spending And Debt Ratios Ranked By Proportion Of Debt (%),

Possibility Of Relocalisation

Falling Populations

The Us: A Different Path

Plans To Abolish Inheritance Tax

Extended Financial Families In Vancouver, Canada

Key Points

11. Pest Analysis

Political Factors

No Convincing Mandate

Lack Of Political Choice

Chancellor Raising New Tax On Pension Funds

Economic Factors

The Real Costs Of Growth

Planning For A Post-petroleum World

Greater Economic Role For Families

Social Factors

Technological Factors

Key Points

12. Consumer Dynamics

Introduction

Table: Summary Of Results (% Of Respondents),

Means Testing Worries The Middle Aged

"means Testing Discourages People From Saving, Because Even Small Savings Bar Them From Many Benefits"

"people Would Save More Money And Buy More Property If Inheritance Tax Were Abolished"

Table: Attitudes Towards Means Testing And Inheritance Tax (% Of Respondents),

Lack Of Concern For The Wealth Of Future Generations

"each Generation Should Try To Leave A Large Financial Inheritance To The Next Generation"

"once A Young Person Is, It Is Up To Them To Support Themselves Financially For The Rest Of Their Life"

Table: Attitudes Towards Leaving An Inheritance, And Young Adults Should Be Financially Self-sufficient (% Of Respondents),

Debt Goes Deep

"i Cannot Manage On My Present Income Without Going Into Debt"

"students Who Graduate With Large Debts Will Not Be Able To Afford To Save Enough For Their Retirement"

Table: Attitudes Towards Present Income, And Graduates' Inability To Save For Retirement Due To Large Debts (% Of Respondents),

Doubts About Looking After Parents

"the Younger Generation Have A Moral Responsibility To Care For Their Parents In Old Age"

"it Is Sensible For People To Spend Rather Than Save, And To Rely On State Benefits When They Are Ill, Unemployed Or Retired"

Table: Attitudes Towards Caring For Parents, And Relying On State Benefits When Ill, Unemployed Or Retired (% Of Respondents),

Non-savers Outnumber High Savers

"i Put Aside More Than A Quarter Of My Income Every Month For My Future Needs Such As A Pension In Retirement And Care For When I Am Very Old"

"i Do Not Save Money Regularly"

Table: Attitudes Towards Saving (% Of Respondents),

Non-givers Outnumber The Generous

"in The Past Year I Have Given A Total Of £1,000 Or More, In Cash Or Financial Guarantees, To One Or More Members Of My Family"

"in The Past Year I Have Not Given Any Cash Or Financial Guarantees To Any Members Of My Family"

Table: Giving Cash Or Financial Guarantees To Family Members In The Past Year (% Of Respondents),

Caring: A Big Issue

"i Do Not Have A Regular Commitment To Care For Any Members Of My Family"

"i Spend More Than Hours A Week Caring For One Or More Members Of My Family"

Table: Commitments To Caring For Family Members (% Of Respondents),

Avoiding The Future, Again

"i Would Vote For Higher Taxes To Pay For Better State Pensions"

Table: Attitudes Towards Paying Higher Taxes For Better State Pensions (% Of Respondents),

Key Points

13. Company Profiles

Introduction

The Financial Sector

Aviva Plc

Corporate Strategy

Advertising And Distribution

Profitability

Table: Financial Results For Aviva Plc (£m, £000, % And £), Years Endingst December-2004

Future Company Developments

Awd Group Plc

Corporate Strategy

Advertising And Distribution

Profitability

Table: Financial Results For Awd Group Plc (£000, % And £), Years Endingth September Andst December And

Future Company Developments

Hbos Plc

Corporate Strategy

Advertising And Distribution

Profitability

Table: Financial Results For Hbos Plc (£m, £000, % And £), Years Endingst December-2004

Future Company Developments

Key Retirement Solutions Ltd

Corporate Strategy

Advertising And Distribution

Profitability

Table: Financial Results For Key Retirement Solutions Ltd (£000, % And £), Years Endingst December-2003

Future Company Developments

Legal & General Group Plc

Corporate Strategy

Advertising And Distribution

Profitability

Table: Financial Results For Legal & General Group Plc (£m, £000, % And £), Years Endingst December-2004

Future Company Developments

Prudential Plc

Corporate Strategy

Advertising And Distribution

Profitability

Table: Financial Results For Prudential Plc (£m, £000, % And £), Years Endingst December-2004

Future Company Developments

The Royal Bank Of Scotland Group Plc

Corporate Strategy

Advertising And Distribution

Profitability

Table: Financial Results For The Royal Bank Of Scotland Group Plc (£m, £000, % And £), Years Endingst December-2004

Future Company Developments

Skipton Group Holdings Ltd

Corporate Strategy

Advertising And Distribution

Profitability

Future Company Developments

Standard Life Bank Ltd

Corporate Strategy

Advertising And Distribution

Profitability

Table: Financial Results For Standard Life Bank Ltd (£000, % And £), Years Endingth November And Andst December

Future Company Developments

The Home-building Sector

Barratt Developments Plc

Corporate Strategy

Advertising And Distribution

Profitability

Table: Financial Results For Barratt Developments Plc (£m, £000, % And £), Years Endingth June-2004

Future Company Developments

Countryside Properties Plc

Corporate Strategy

Advertising And Distribution

Profitability

Table: Financial Results For Countryside Properties Plc (£000, % And £), Years Endingth September-2004

Future Company Developments

Crest Nicholson Plc

Corporate Strategy

Advertising And Distribution

Profitability

Table: Financial Results For Crest Nicholson Plc (£000, % And £), Years Endingst October-2004

Future Company Developments

Redrow Plc

Corporate Strategy

Advertising And Distribution

Profitability

Table: Financial Results For Redrow Plc (£000, % And £), Years Endingth June-2004

Future Company Developments

Key Points

14. The Future

No One To Pay For The Old

The Outlook For Property

Negative

Positive

Table: Intended Methods Of Repaying Interest-only Mortgages In England (% And),

Downshifting

Who Wants To Be An Entrepreneur?

Changing Profiles

More Debt, Less Inheritance

Key Points

16. Consumer Confidence

Methodology

The Willingness To Borrow

Table A: The Average Amount Consumers Are Willing To Borrow In Order To Purchase Expensive Items At Current And Constant May Prices (£ And £bn), May, November, February And May

Consumers Willing To Borrow

Table B: The Number Of Adults Willing To Borrow In Order To Purchase Expensive Items (000 And %), May, November, February And May

The Willingness To Spend From Savings

Table C: The Average Amount Consumers Are Willing To Spend From Savings In Order To Purchase Expensive Items At Current And Constant May Prices (£ And £bn), May, November, February And May

Table D: The Average Amounts Adults Are Confident Spending To Purchase Expensive Items (£ And %), May, November, February And May

17. Further Sources

Associations

Publications

General Sources

Government Sources

Other Sources

Bonnier Information Sources