MACFARLANES：2026年英国及欧洲地区的私人财富报告（英文版）

Germany, the UK, France and Italy together account for nearly three-quarters of the financial assets of households across the Eurozone and the UK.1 However, these markets are not homogenous, they are built on different institutional foundations, which in turn shape the distribution channels through which private market products must integrate. In the UK, almost half of household financial wealth is held through pensions and insurance retirement wrappers, making the UK by far the most institut