UK legal services market revenue tops £35bn in 2018 and annual growth of over 5% forecast for the next few years amid growing practitioner confidence Now in its 9th annual edition, the UK Legal Services Market Trends Report (94 pages) provides a unique detailed market review and analysis of the UK legal services market, trends, issues and forecasts. The UK legal services market was valued...
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STEADY, IF UNSPECTACULAR GROWTH, FOR THE NEXT 5 YEARS The UK Family Law Market Trends Report is the fifth edition of an annual report from IRN Research and provides an overview of the UK family law market. The market bounced back in 2015, after a weak performance in 2014 following the reductions in legal aid, and continued to grow in 2016 and 2017. In...
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37 million Consumer Investors Almost eight-in-ten consumers – 37.1 million – own any type of investment product (including holding cash) with just over half owning a risky investment product (i.e. a product other than cash). Ownership of investments, especially risky investments, is skewed towards wealthy individuals. 3 million Consumer Investor products purchased In 2017, over 3 million investment products were sold, down on the figure...
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Only around one-third of Investors are Wealthy Investors Just under one-third of Investors can be called Wealthy Investors, having £75,000 or more spread across risky investment products, cash and/or defined contribution (DC) pensions which can be accessed by their owners. Relative to Investors with less wealth, Wealthy Investors are more likely to be male, mature and affluent (from professional occupations). Just over one-in-ten Wealthy Investors...
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The latest consumer research findings from IRN Research show that only 37% of adults have made a will, and an estimated 2 million adults made a will in the last 12 months. The wills market is skewed towards older age groups with over six out of ten adults in the over 55s age group having made a will. The Wills & Probate Consumer Research Report...
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Orchard Reports Online is a new database with consumer and market reports, statistical bulletins, and detailed consumer survey datasets offering specialist analysis and insights into the financial services/property, legal services, and travel sectors. In November 2018, the portal includes around 100 reports, bulletins, and datasets and another 100 will be added each year. The database combines IRN Research’s established Market Reports and Statistical Bulletins series...
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Around one-quarter of Investors take consumer financial advice Currently, 26% of Investors take professional advice, with advice most likely to be sought and taken by wealthy investors who lack confidence in their own investing abilities. But potential to expand the consumer financial advice market Only around one-in-ten Investors say they would never take professional financial advice whether that be from a human or computer (Robo-Advice),...
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New consumer investments report published IRN Research publish a new consumer research report on Consumer Investments. The aim of this report is to study how UK consumers behave when they make financial investments. Consumer investing behaviour is studied in terms of consumers who currently own investments and consumers who hold money in a form which could potentially be released to invest into investment products (e.g. held...
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The UK Wills, Probate & Trusts Market Report 2018 is the fifth edition of an annual research report from IRN Research. Here are some selected findings: The wills, trusts and probate market was worth over £1.2 billion in 2017. It is highly fragmented and served by thousands of mainly small providers, often unregulated. An IRN Research consumer survey in October 2018 found that when getting...
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Retirement Planning and Retail Financial Advice reports launched In October 2018, IRN Research have released two new reports on the consumer financial services market: Retirement Planning and the Retail Financial Advisors and Intermediaries. Retail Financial Advisors and Intermediaries This report considers the retail financial advice and intermediary market, covering regulated and unregulated advice offered to consumers when buying financial products or organising their financial affairs....
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