Report: Australian opportunities in the UK Wrap market TOC

Development: 1. All encompassing tax regimes; 2. Full depth of allowable asset coverage; 3. Full suite of financial tools; 4. Online offering; 5. Pricing transparency
Market size and drivers for development: The Sandler report supports fee-based pricing; The Government's green paper on pensions simplification?; The FSA and depolarization; Technological advances; The cost of an IFA's business; Responses to investor sentiment; New Entrants
The competitive landscape: The competitors; Abbey; Skandia; FundsDirect and The Exchange; American Express; Transact; 7 Investment Management (7IM); Cofunds; Norwich Union and Millfield Partnership
Data

Development
Business model: Distribution; The retail bank branch; Aligned advisors; The independent advice channel; Products and services; Investments; Deposits; Protection; Superannuation; Retirement products; Financial tools; Financial planning services; Fees
Competitive landscape: The top 10 competitors; National Australia Bank and MLC; AMP Financial Services; Westpac and BT Financial Group; ANZ and ING Australia; Commonwealth Bank of Australia and Colonial First State; AXA; St. George and Asgard; Navigator Australia; MacQuarie; TOWER Holdings
Data

Forecasted UK market size
Could the Australian providers capitalize?: Barriers; Raising capital to fund development; Obtaining critical mass; Securing Distribution; Extensive product demands; Breaking down barriers; Forming partnerships; Acquisitional opportunities; White labeling
Data

Definitions: AAGR; Advisory portfolio management; CAGR; Discretionary portfolio management; Fund supermarket; Individual Savings Account - ISA; Mutual fund; Personal Equity Plan - PEP; Private pension; Self-Invested Persnal Pension - SIPP; Stakeholder pension; Unit-linked life insurance; With-profits policy; Whole life insurance
Research methodology
Datamonitor Financial Services Consulting: Further reading; Datamonitor Asia-Pacific Wealth Reports; Datamonitor Global Wealth Service: Insight Reports; Datamonitor Global Wealth Service: Competitor Tracking
Asia-Pacific contacts

Table 1: Charges on Abbey Wrap all figures per annum
Table 2: Charges paid by an investor through Transact's wrap service
Table 3: Retail savings, investments, life assurance and pensions that could potentially be 'wrapped', 1998-2002
Table 4: How the fees charged for wrap platforms are shared amongst the various players
Table 5: Assets under management of the largest wrap and master trust platform providers, March 2004
Table 6: Wrappable products, forecast development timescale
Table 7: Wrappable products, forecast development timescale
Table 8: Wrappable products, forecast development timescale
Table 9: How the assets under administration in 'wrap like' products might grow, 2003-2008
Table 10: How the assets under administration in 'wrap like' products might grow, 2003-2008
Table 11: Time taken to reach breakeven, given management charge of 0.5% of assets and assuming half of this goes to costs, GBP
Table 12: Time taken to reach breakeven, given management charge of 0.5% of assets and assuming half of this goes to costs, AUD
Table 13: Assets and liabilities of the major Australian providers, 2004
Table 14: What products would you expect to able to place within a wrap in the future?
Table 15: New business in life, pensions and investments, 2002

Figure 1: There are three types of institution involved in the provision of wrap services, the advisor, the wrap platform manager and the investment managers
Figure 2: The UK's 'full wrap' incorporates five key elements, 2003
Figure 3: Wrappable assets in the UK Market peaked in stood at almost GBP1.8trn (AUD4.6trn) in 2002
Figure 4: The four largest platform providers hold over 50% of AuM in the Australian market
Figure 5: By 2008, assets held within 'wrap like' services will grow to around GBP150bn (AUD390bn)
Figure 6: Most of the largest players are in a position to develop a wrap platform in the UK?
Figure 7: Even assuming assets grow from zero to GBP4bn (AUD10.4bn) over five years, an annual charge is 0.5% of assets and costs equal 50% of revenue, then it will take five years to reach breakeven
Figure 8: New business in the UK retail life, pensions and investments market was around GBP100bn (AUD260bn), 2002
Figure 9: The five key IFA benefits from wrap services
Figure 10: UK IFAs will expect a broader range of products than those available in the Australian market
Figure 11: Datamonitor's core consulting capabilities