Inflows into the Lump Sum sub-market grew by 6.2% with most companies reporting at least some increase in business. Among the market leaders, OnePath (6.8%) and TAL (6.6%) 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 (18.1%), TAL (12.9%) and OnePath (11.4%).
Overall Group Risk Premium Inflows were up 17.0%. Of the larger companies, AIA (21.3%), CommInsure (20.5%) and MLC (18.4%) 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 0615
Source: Plan For Life