Inflows into the Lump Sum sub-market grew by 6.0% with most companies reporting at least some increase in business. Among the market leaders, OnePath (7.8%) and TAL (7.0%) experienced the highest percentage increases in their Inflows year on year.
Risk Income Inflows increased 5.5% over the past year. Among the better performers in percentage terms were BT / Westpac (16.7%), TAL (13.2%) and OnePath (11.3%).
Overall Group Risk Premium Inflows were up 9.2%. Of the larger companies, MLC (17.2%), CommInsure (14.0%) and MetLife (11.5%) recorded well above-average percentage increases in their annual Group Risk Inflows, largely due to pricing increases.
Download Media Release: PFL Media Release Risk Market 0915
Source: Plan For Life