Life Insurance Risk Market Inflows up 9.4% over the year to $14.5bn (March 2015)

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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

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Risk Inflows by Product - $Million

Total Risk Market Inflows up 9.5% over the year to $14.5bn - March 2015

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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

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PFL Media Release Risk Market 0315

ETFs up 60.7% to $17,121m at Mar-15

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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%).

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Direct Life Insurance Sales down 3.6% for Year End Dec 2014

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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.

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New Zealand Retail Managed Funds climb $2.5bn during December Quarter 2014.

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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.

 

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Overall Masterfund business increased 9.8%, or $55.2bn during 2014

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Overall Masterfund business increased 9.8%, or $55.2bn during 2014 to stand at $620.2bn; they climbed $23.1bn, or 3.9% in the December quarter alone on the back of buoyant, if at times nervous and wobbly, investment markets that in turn were supported by unprecedented stimulatory low interest rate policies of governments worldwide.

Masterfund Inflows of $149.9bn were up by a more moderate 5.7% following a 24.2% jump in 2013 while corresponding Outflows rose 12.0% from $112.2bn to $125.6bn.  All major companies reported growth in their funds under management led by Commonwealth / Colonial (12.0%), AMP (11.7%) and BT (11.1%).

 

PFL Media Release Platform and Wrap 1214

Wholesale Funds $26.2bn Growth in during Dec-14 Quarter

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Wholesale Funds increased another 3.5% during the December quarter to $765.4bn while over the whole of the 2014 calendar year they were up 10.2% with circa two thirds of this rise being due to the solid, albeit at times bumpy, performances of the underlying investment markets.

Most of the leading Wholesale fund managers reported significant growth with UBS (25.3%), National Australia / MLC (19.2%), Vanguard Investments (15.6%) and Perpetual (14.2%) achieving the highest rates.

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PFL Media Release Wholesale 1214

Retail Managed Funds up 3.7% during the Dec-14 quarter.

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Retail Managed Funds ended 2014 on a positive note, up another 3.7% during the December quarter.

Overall the 2014 calendar year was one of solid consolidation with total funds under management increasing by 8.8% to $702.3bn.  This growth was in large part as a result of 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.  Some of the better performers among the market leaders included AMP (10.5%), BT (10.1%), Commonwealth / Colonial (10.0%), IOOF (7.9%) and National Australia / MLC (6.7%).

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