Mass Affluent: A wealth of profits - 16.10.2007
Retail Banker International
In an article based on the profitability of the affluent segment for a retail bank, ComPeer was quoted as calculating that 4% of the UK population falls into the affluent category (with average liquid assets of £144,000). Only 9.3% of their wealth is held with a wealth manager of any type, indicating the lack of market penetration of the sector. The article also mentions ComPeer's view that the growth of the UK retail banks in particular has been limited by the lack of investment in technology.