Inflows into the Lump Sum sub-market grew by 6.3% with most companies reporting at least some increase in business. Among the market leaders, TAL (6.4%) and OnePath (6.0%) experienced the highest percentage increases in their Inflows year on year.
Risk Income Inflows increased 5.7% over the past year. Among the better performers in percentage terms were BT / Westpac (20.1%), TAL (11.8%) and OnePath (11.2%).
Overall Group Risk Premium Inflows were up 15.1%. Of the larger companies, CommInsure (23.2%), AIA (23.0%) and MLC (20.6%) recorded well above-average percentage increases in their annual Group Risk Inflows, largely due to pricing increases.
Source: Plan For Life