Inflows into the Lump Sum sub-market grew by 5.3% with most companies reporting at least some increase in business. Among the market leaders, AIA (17.1%), BT / Westpac (8.3%) and TAL (7.4%) experienced the highest percentage increases in their Inflows year on year.
Risk Income Inflows increased 6.8% over the past year. Among the better performers in percentage terms were BT / Westpac (17.7%), AIA (16.5%) and TAL (12.6%).
Overall Group Risk Premium Inflows were up 6.9%. Of the larger companies, TAL (24.8%, mainly due to being awarded the CBUS insurance mandate), AIA (16.3%) and OnePath (15.6%) recorded well above-average percentage increases in their annual Group Risk Inflows.
Source: Plan For Life
Download Media Release: PFL Media Release Risk 0316