News


21

Sep 2020

Latest Personal Injury Market Report – More Uncertainty for the Sector

Personal Injury Market Trends Report 2020 The planned small claims reforms have been hanging over the market for months and changes to the timing of these reforms continues to create uncertainty in the sector. These reforms have now been put back again to April 2021 and, if this date is finally the one, then there will be more pressure on a market that is already...

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12

Aug 2020

20% of Savers and Investors are Wealthy

One-in-five savers and investors have wealth of £75,000 and above 20% of consumers who own any savings or investment products in the UK are considered wealthy, that is they have a minimum of £75,000 held in investment or saving products. Most of the Wealthy (80%) have saving and investment wealth of £100,000 or more. These findings come from the IRN Research report Wealthy Savers and...

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26

Jul 2020

45% of Savers and Investors hit by COVID-19 Pandemic

COVID-19 hits Savers and Investors 45% of consumers who own savings and investment products have been negatively impacted by the COVID-19 pandemic, with the value of their money held in savings and investment products declining. Not surprisingly, given the impact of the crisis on stock market values worldwide, individuals who have money held in investment products like stocks and shares (labelled Investors) have felt its...

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13

Jul 2020

New Medico-Legal and Insurance Services Report published

The medico-legal and insurance services market worth over £750 million The Medico-Legal and Insurance Services (MLIS) market covers a range of medical and medical-related services offered to legal services companies, insurers and possibly to employers.   The range of services offered can be split into two broad categories: Medical evidence (ME); and Rehabilitation and allied medical services (RAMS). The market for medico-legal and insurance services (MLIS), ...

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02

Jul 2020

Orchard Reports Brand Now In Its Third Year – Market/Consumer Insights on Financial & Legal Services

The Orchard Reports™ series from IRN Research, market and consumer research reports on financial services and legal services markets, entered its third year in Summer 2020. We are now publishing over 35 reports a year on insurance, pensions, home buying, consumer savings and investment, and consumer/B2B legal services markets. Reports and datasets can be purchased individually, in discounted bundles or annual subscriptions, and the Orchard...

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30

Jun 2020

UK Conveyancing Market Report 2020 Published

CONSOLIDATION, COVID-19, & CONCERNS FOR CONVEYANCERS IN 2020/21 Like most other legal services sector, COVID-19 has cast a long shadow over the residential conveyancing sector. • In 2019, the number of residential property transactions decreased by 1.2% on the previous year but there were signs of some recovery towards the end of the year. The recovery was continuing in the early part of 2020 but...

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19

Jun 2020

New Retail Financial Advisor Report Published

Advisors generate £4.9 billion from retail investment activities  In 2019, intermediaries and advisors offering advice on retail investments earned almost £5 billion in revenue.  While volume sales of new investment products declined by 16% in 2019 compared with 2018, revenue from the provision of retail investment financial advice grew, because most advisors earn income from on-going charges rather than from on-off product sales. Moreover, advisors...

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08

Jun 2020

Consumer Savings and Investment market: £3.7 trillion invested

Consumers Save and Invest almost £34 billion annually According to IRN’s latest report on the consumer savings and investment market (UK Savers and Investors 2020), at the end of 2019, UK households collectively held £3.7 trillion in non-pension financial assets, with their accumulated wealth having risen by almost 6% over the year.  Consumers invested £33.5 billion net into non-pension financial assets in 2019, 9% more...

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13

May 2020

UK Pension Market 2020

New UK Pension Market 2020 report published In 2019, UK pension funds received total contributions of £241 billion, representing a 10% rise over the level of 2018. In 2019, contributions to workplace pensions represented 70% of total contributions and this is expected to rise to 71% in 2020. In 2019, IRN Research estimate that 2.4 million new pension products were sold to members of the...

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01

May 2020

Workplace Pension Report Launched

Over half of consumers own a workplace pension 55% of all consumers have a workplace pension. Among consumers with workplace pensions, most (51%) have a defined contribution (DC) pension with just over four-in-ten owning a final/career average pension. 85% of adults with a workplace pension have a pension with their current employer, with 15% having legacy pensions from previous employers.   Almost six-in-ten workplace pension scheme members were...

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