Market Guide: Retail Investment Market in Ireland 2006: Industry Research Report

Market Guide: Retail Investment Market in Ireland 2006

Published Date: June 2007

Published By: Datamonitor

Page Count: 30

Order Code: R313-23913

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Overview: Catalyst; Summary; Executive Summary; The Irish retail savings and investments sector has grown at a compound annual rate of 17.7%, driven, to a large extent, by growth in mutual funds; Between 2001 and 2005, with the exception of equity, all asset classes in the retail savings and investments market in Ireland experienced double-digit compound annual growth; Double-digit growth in deposits and mutual funds will be sustained between 2006 and 2010; EU and national legislation aimed at improving investor confidence and consumer protection imposes additional obligations on providers; The top four Irish banks dominate the local banking sector; The banking market leaders include three domestic banks and two banks headquartered in the UK and Denmark; Table of Contents; Table of figures; Table of tables
MARKET OVERVIEW: Between 2001 and 2005, with the exception of equity, all asset classes in the retail savings and investments market in Ireland experienced double-digit compound annual growth; Retail assets account for 80% of mutual funds, but less than half of all other asset classes in the Irish market; Mutual funds outstrip all other asset classes in the Irish retail savings and investments market; Since 2002, the proportionate value of retail assets held in mutual funds has been increasing, at the expense of deposits and equities
MARKET FORECASTS: Double-digit growth in deposits and mutual funds will be sustained between 2006 and 2010; Mutual funds will continue to account for more than 80% of household wealth, but deposits will grow more quickly
MARKET REGULATION: EU and national legislation aimed at improving investor confidence and consumer protection imposes additional obligations on providers; The Irish Financial Services Regulatory Authority (Financial Regulator) regulates the savings and investments sector; For banks and investment companies, Basel II capital adequacy requirements imply additional investment in risk management expertise and in IT systems to calculate risk; Recent legislation enhances consumer protection; Banks, asset management companies and investment companies which belong to financial conglomerates face additional supervisory requirements; Investment firms are subject to client money and fit and proper requirements; EU legislation aims at enhancing investor confidence; Distance marketing rules define sales practices; A new fund structure augments the range of investment options; Proposed anti-money laundering legislation implies an additional administrative burden for banks; Upcoming EU legislation (UCITS directive and MiFID) facilitates market development and enhances consumer protection
COMPETITIVE MARKET STRUCTURE: The top four Irish banks dominate the local banking sector; Domestic banks dominate the Irish banking sector, by number; The top 5 banks control 61% of the banking market, measured by customer deposits; The majority of collective investment schemes are UCITS
MARKET LEADERS: The banking market leaders include three domestic banks and two banks headquartered in the UK and Denmark; As at December 2005, Bank of Ireland led the banking market, based on total assets; Allied Irish Bank ranked second in the banking sector; In 2005, permanent tsb had the third highest market share among banks, measured by customer deposits; Ulster Bank was the fourth largest bank, by customer deposits; National Irish Bank ranked fifth among banks
APPENDIX: Asset manager / Asset management company; Bank; Collective Investment Scheme; Friendly society; Fund of funds; Hedge fund; Investment company; ISA; Non-retail market; Retail market; SICAF; SICAV; UCITS; Further reading; Savings and Investments SPP; Interactive Databases; Reports; Related Global Wealth Service SPP Reports; Interactive Databases; Market Reports; Strategic Insight Reports; Wealth Management Competitor Tracker; Ask the analyst; Datamonitor consulting; Disclaimer
List of Tables: Table 1: Total Savings & Investments segmented by retail v institutional, EURm, as at Dec 2005; Table 2: Total Savings & Investments segmented by retail v institutional, in percentages, as at Dec 2005; Table 3: Retail Savings & Investments, segmented by asset class, EURm, as at Dec 2005; Table 4: Retail Savings & Investments, segmented by asset class, EURm, 2001 - 2005; Table 5: Retail Savings & Investments, segmented by asset class, in percentages, 2001 - 2005; Table 6: Retail Savings & Investments, segmented by asset class, EURm, 2006 - 2010; Table 7: Retail Savings & Investments, segmented by asset class, in percentages, 2006 - 2010; Table 8: Number of banks & building societies, segmented by type, as at Apr 2006; Table 9: Top 5 banks by total customer deposits, as at Dec 2005; Table 10: Number of collective investment schemes, segmented by type, as at Dec 2004
List of Figures: Figure 1: Retail savings represent only a small proportion of the equity and bond markets; Figure 2: Mutual funds and deposits together account for 95% of retail savings; Figure 3: Mutual funds consistently account for the single highest proportion of household assets; Figure 4: Over the next 5 years, compound annual growth in the retail savings and investments market will slow to 11.3%; Figure 5: Irish banks and building societies account for 61% of the banking market, by number; Figure 6: Bank of Ireland controls more than one-quarter of the market, based on customer deposits; Figure 7: UCITS and designated investment companies accounted for roughly 85% of all investment funds, by number in 2004

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