View more on these topics

Kensington and Chelsea through 100k level

The London borough of Kensington and Chelsea is the first area in the UK to break through the 100,000 level for average household earnings, according to Barclays’ latest wealth survey.

Average household earnings in the borough are now 101,600, up 7 per cent on last year and over 20,000 higher than the next richest area.

The cities of London and Westminster came second with an average income of 81,425 followed by Hampstead and Highgate with 77,500.

Beaconsfield in Buckinghamshire was the wealthiest place outside London with an average household income of 74,345 and Tatton in Cheshire the wealthiest outside the South-east at 62,350. The Cotswolds is the fastest-growing wealthy area with average household income up by 9 per cent to 60,800.

Barclays Premier Banking managing director Bret Packard says: “High incomes are no longer unusual in the UK. There are now one million individuals in the UK earning over 100,000 a year. The vast majority, although cash-rich are time-poor and are increasingly looking for services that help them deal with important issues such as their finances while they devote that precious time to other things.”

Recommended

Cavanagh opens office in Chichester

National IFA Cavanagh Group is opening an office in Chichester with a team of five consultants who previously worked at Barclays Wealth.Cavanagh Group managing director Simon Redgrove says: “As well as our operations across the rest of the UK, Cavanagh’s aim is to continue to build the largest quality IFA business operating along the South […]

Royal Liver hits out at ABI online and telephone protection guidance

Progress from Royal Liver has hit out at the Association of British Insurers’ guidance for online and telephone protection business, particularly for not addressing the issue of wet signatures.The guidance, published on Tuesday, urges insurers to send the completed application form to the client to check but it does not mention wet signatures.Progress IFA market […]

JPMAM changes its pricing structure

JPMorgan Asset Management has announced changes to its pricing structure across the UK OEIC range in what it says will offer transparency, simplicity and consistency.

In Focus image

In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment