Zurich winner of overall Direct Life Insurance Excellence Awards 2015
/Zurich winner of overall Direct Life Insurance Excellence Awards 2015
Read MoreLife Insurance Risk Market Inflows climb another 10.0% in 2014/15 to $14.9bn
/Life Insurance Risk Market Inflows climb another 10.0% in 2014/15 to $14.9bn
Read MoreNew Zealand Retail Managed Funds up by NZ$1.8bn during June Quarter 2015
/Retail Managed Funds grew 2.8% during the June 2015 quarter to NZ$64.2bn while over the whole of 2014/15 they were up 18.6%.
Read MorePlatforms Rise by $64.7bn in FUM over the year to June 2015
/The overall Masterfund market increased 11.0% or $64.7bn over the 2014/15 financial year to total $653.1bn at 30 June 2015.
Read More$17.8bn Fall in Wholesale Funds during June Quarter 2015
/Wholesale Funds fell by 2.1% during the June 2015 quarter to $819.6bn however over the past twelve months they were still up strongly by 13.0%.
Read More$11.0bn Fall in Retail Managed Funds during June Quarter 2015
/Retail Managed Funds ended the 2014/15 financial year up strongly by 10.1% to total $730.3bn despite experiencing a 1.5%, $11.0bn, set back during the latest June quarter.
Read MoreTotal Risk Market Inflows up 10.1% over year to $14.9bn at June 2015
/Inflows into the Lump Sum sub-market grew by 6.2% with most companies reporting at least some increase in business.
Read MoreAsset International, Inc. announces the appointment of Joel Mandelbaum as CEO and President
/Asset International, Inc. announced the appointment of Joel Mandelbaum as CEO and President, and his purchase of a material investment interest in Asset International, Inc.
Read MoreNEWSFLASH KiwiSaver Funds Under Management at June 2015
/Main Points this Quarter
- Funds Under Management Up 3.7% from NZ$28.5bn to NZ$29.6bn
- Net Funds Flow $0.98bn in Latest Quarter
- Investment Earnings / Transfers $0.07bn.
Life Insurance Risk Market Inflows up 9.4% over the year to $14.5bn (March 2015)
/Overview of Life Insurance Risk Market Inflows & Sales: 12 months to March 2015
Premium Inflows increased 9.4%. Among the medium to large sized companies AIA (20.2%), MetLife (15.0%), BT / Westpac (13.7%), OnePath (9.9%) and CommInsure (8.3%) recorded the highest growth.
However year on year overall Sales in this market fell 13.2% due in particular to a sharp 28.2% decline in new Group Risk sales which have now fallen back closer to more normal levels after jumping almost 90% in the previous year. AIA (44.0%), CommInsure (9.5%), OnePath (7.8%), AMP (6.8%) and National Australia / MLC (6.4%) all reported increases in their annual Risk sales.
The Life Insurance Risk Market is comprised of both Individual Risk Lump Sum & Risk Income Insurances plus Group Risk Insurance
Risk Inflows by Product - $Million
Copyright Plan For Life - Refer to Conditions of Use, Disclaimers and Disclosure relating to this Report.
New Zealand Retail Funds up $3.2bn during March Quarter 2015
/Overall Retail Managed Funds at the end of March totalled $62.6bn, jumping 20.6% over the past year.
Read MorePlatforms jump $89.1bn in FUM over the year to March 2015
/Masterfunds ended the year to March 2015 up 15.5% to total $662.8bn. During the March quarter alone they rose $42.5bn, or 6.9%
Read More$45.3bn Growth in Retail Managed Funds during March Quarter 2015
/Overall Retail Managed Funds ended the year to March up 14.4% to total $742.7bn.
Read More$69.9bn Growth in Wholesale Funds during March Quarter 2015
/Overall Wholesale Funds at the end of March totalled $837.8bn, jumping by 18.4% over the past year.
Read MoreTotal Risk Market Inflows up 9.5% over the year to $14.5bn - March 2015
/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
Downloads
KiwiSaver FUM Up 7.7% to Mar-15
/KiwiSaver Funds Under Management Up 7.7% over quarter to NZ$28.5bn at March 2015.
ETFs up 60.7% to $17,121m at Mar-15
/Exchange Traded Funds and Exchange Traded Commodities Funds Under Management again posted substantial annual growth, up 60.7% to $17,121m across 108 products, including 6 new products this quarter.
iShares is the leading provider with $6,640m or 38.8% of the market, followed by State Street with $4,282m (25.0%) and Vanguard with $2,739m (16.0%).
Direct Life Insurance Sales down 3.6% for Year End Dec 2014
/Plan For Life's latest Direct Life Insurance Report, shows that year-on-year premium sales for the Direct Life Insurance channel has declined by 3.6% for the 12 months ending December 2014. This is compared to positive growth rates for the five previous years.
The total Australian life insurance industry premium sales, including Lump Sum and Income Protection products, totalled $2,043 million as at end of December 2014, compared to $2,080m at December 2013. Of this, $538 million was via the Direct channel, compared to $558m December 2013.
During 2014 Life Insurance Risk Market Inflows up 11.2% from $12.8bn to $14.2bn
/During 2014 Life Insurance Risk Market Inflows up 11.2% from $12.8bn to $14.2bn
Read MoreNew Zealand Retail Managed Funds climb $2.5bn during December Quarter 2014.
/New Zealand Retail Managed Funds grew by 4.3% during the December 2014 quarter to $59.4bn. Over the whole of the 2014 they jumped 17.8% propelled by significant fund flows into both of the two main Kiwi Saver and Unit Trusts & Managed Funds sub-markets as well as buoyant, if at times understandably somewhat nervous and wobbly, underlying investment markets that in turn were supported by the continued unprecedented stimulatory low interest rate policies of governments around the globe. Russell Investment Management (76.6%), Kiwi Wealth (58.4%), Milford Asset Management (52.7%), Grosvenor (24.0%), BT / Westpac (23.4%) and ASB Group Investments (20.6%) reported 20% plus percentage increases in their Retail funds under management.
