Last year was one of political gloom. As we move toward the middle of 2017, this report analyses how the attitudes of HNW investors in the UK have been affected by the tumult. We take an in-depth look at these individuals’ investment goals, outlook and favoured investment strategies. It also delves into the attitudes HNWs have towards the asset management and financial advice industry.
The latest report by CoreData Research provides an in-depth analysis of UK consumer behaviour and attitudes toward saving for retirement. It provides a comprehensive roundup of the current state of play in the pensions sector at a time when the UK is in the grip of a savings crisis that poses a serious threat to the wellbeing of future retirees. The report goes on to detail important findings about low levels of consumer engagement and knowledge, poor uptake of financial advice and the consequent need to tackle apathy and inaction.
Saving more money can lead to increased confidence in the economy and one’s household finances. Individuals who save more are likely to be more amenable to new companies’ offers and tend to shop around more and be more open to taking on investment risk, as evidenced by their higher subscription to stocks & shares Isas. People who save more are also more technologically engaged as a greater number of them connect to their bank online or by using their provider’s mobile app.