Netwealth has announced that its funds under administration (FUA) have hit $38.8 billion at the end of December, 2020, which represented a record growth of $4.8 billion in the December quarter.

Source: MoneyManagment
https://www.moneymanagement.com.au/news/funds-management/netwealth%E2%80%99s-fua-hits-388b-2020

Further shakeups are expected in the $6.4 billion group insurance market, a new report from actuaries and researchers Plan for Life says. It predicts more insurers will exit the market because of mounting pressure on margins.

Source: InsuranceNews
https://www.insurancenews.com.au/life-insurance/new-report-predicts-more-changes-in-group-insurance-market

Regional MD Rael Solomon says the decline in inflows reflects partly the “significant upheaval in recent years” seen in the industry, citing the moves by major banks to divest their life arms and also the decision of AMP to sell its life business.

Source: InsuranceNews
www.insurancenews.com.au/life-insurance/life-risk-inflow-declines

Funds under management in both the wholesale and retail markets fell sharply in the March quarter, as the virus pandemic soured investor mood, according to data from actuaries and researchers Plan for Life.

Source: InsuranceNews
www.insurancenews.com.au/life-insurance/managed-funds-hit-by-virus-chaos

Overall risk market inflows in the life industry fell 3.6% to $16.2 billion in the year to March, dragged down by declines in the individual risk lump sum and group risk product lines, according to data compiled by actuaries and researchers Plan for Life.

Source: InsuranceNews
https://www.insurancenews.com.au/life-insurance/risk-inflows-decline-3-6-to-16-2-billion

The life industry posted a 4.5% decline in risk inflows to $15.7 billion last year, snapping a decades-long growth streak, according to data compiled by actuaries and researchers Plan for Life.

Source: InsuranceNews
www.insurancenews.com.au/life-insurance/risk-inflows-fall-as-tal-takes-the-market-lead

New data released by Plan for Life indicated risk market inflows were down 4.5 per cent year-on-year in the 12 months to December 2019, compared to annual growth of 2.5 per cent for the 12 months to December 2018.

Source: IFA
https://www.ifa.com.au/risk/27934-risk-market-has-worst-year-in-decades

After a decades-long history of increases, overall risk inflows declined slightly in 2019 dropping by 4.5 percent year on year, according to Plan for Life’s Life Insurance Risk Premium Inflows and Sales for the year ended December 2019 report.

Source: RiskInfo
riskinfo.com.au/news/2020/04/28/annual-risk-inflows-decline-for-first-time-in-decades

Plan for Life risk statistics for December 2019 showed that total risk market inflows were down 4.2 per cent last year, declining from $16.4 billion to $15.7 billion.

Source: IFA
https://www.ifa.com.au/risk/27826-risk-market-goes-backwards-as-super-laws-bite

“The vast majority of our staff across jurisdictions are equipped to perform their daily tasks remotely or shift responsibilities to locations that remain unaffected,” ISS CEO Gary Retelny wrote in a letter to clients.

Source: IFA
https://www.ifa.com.au/news/27741-practices-stay-the-course-as-outbreak-widens

Individual lump sum and income protection insurance sales are continuing their downward trend, according to latest data released by Plan For Life.

Source: RiskInfo
https://riskinfo.com.au/news/2020/01/28/retail-risk-sales-continue-to-head-south/

The white paper: Cost and efficiency of delivering life insurance of advice, was prepared by research firm, Plan For Life. It explores the various components of the advice process as it applies to both new and existing clients and outlines the time and costs associated with each of the advice process components.

Source: RiskInfo
https://riskinfo.com.au/news/2019/12/12/cost-of-delivering-life-insurance-advice-advisers-must-act/

TAL has been announced as the overall Platinum Winner in the 2019 Plan For Life/AFA Life Company of the Year Awards. This completes a hat-trick for TAL, which also took home top honours in 2017 and 2018.

Source: riskinfo
https://riskinfo.com.au/news/2019/11/14/tal-wins-2019-life-company-of-the-year/

Latest quarterly data released by Plan For Life confirms the continuation of recent trends reflecting static overall premium inflows and falling new business sales. For the twelve months to the end of June 2019, the research firm reports growth in premium risk inflows “…almost ground to a halt over the past year, only increasing by a relatively marginal 0.8%.”

Source: RiskInfo
https://riskinfo.com.au/news/2019/11/04/risk-sales-continue-to-decline/