The responsible investment managed funds market across Australia and New Zealand has surged past the $100 billion mark for the first time, according to data from Plan For Life.
Source: FS Sustainability
https://www.fssustainability.com.au/responsible-investment-funds-surge-past-100-billion-plan-for-life
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
The NZ responsible investment (RI) fund market grew at twice the rate of Australia last year, according to new Plan for Life (PFL) data. During 2019 the NZ RI fund sector expanded funds under management (FUM) by almost 35 per cent …
Source: Investment News NZ
https://investmentnews.co.nz/investment-news/responsible-fund-growth-picks-up-in-double-time-for-nz/
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/
Smaller to mid-sized platforms are leading the way in terms of annual growth in funds under management despite the overall market declining by $3.3 billion during the September 2019 quarter.
Source: IFA
https://www.ifa.com.au/news/27536-smaller-platforms-leading-annual-fum-growth
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/
One life insurer has won the Association of Financial Advisers’ Life Company of the Year for the third consecutive year.
Source: Risk Adviser
https://www.ifa.com.au/risk/27387-afa-life-company-of-the-year-named
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/
Growth in risk inflows almost ground to a halt over the financial year ending June 2019, only increasing by a relatively marginal 0.8 per cent, according to new Strategic Insight figures.
Source: RiskAdviser
https://www.ifa.com.au/risk/27362-risk-inflows-remained-flat-in-fy19
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/
Hub24 has recorded record net inflows for the quarter, as independent financial platforms keep gaining market share from offerings from the big banks.
Source: news.com.au
https://www.news.com.au/finance/business/breaking-news/independent-fund-platforms-gaining-ground/news-story/a7cf5263411813e26ad57b9757079aa7
New figures from Strategic Insight show total risk business held firm at $16.3 billion over the year ending March.
Source: Risk Adviser
https://www.ifa.com.au/risk/26965-total-risk-market-remains-steady-in-march
New figures reveal a significant bump in funds under management during the first quarter of 2019 as one platform provider significantly outpaces its competitors in annual growth.
Source: IFA
https://www.ifa.com.au/news/26934-retail-fum-up-5-7-in-march-quarter
The growth of independent platform providers Netwealth, Praemium, and Hub24 has accelerated in the last 12 months.
Source: Professional Planner
https://www.professionalplanner.com.au/2018/06/netwealth-leads-upstarts-in-platform-race/
Total new premium sales rose by 2.3 per cent during 2018 while overall risk inflows were up by 2 per cent through the same period, according to Strategic Insight figures.
Source: Risk Adviser
https://www.ifa.com.au/risk/26800-new-premium-risk-sales-up-2-3-in-2018
CFS and CBA have the third-largest slice of the $811 billion platforms, wraps and master fund market with an almost 15% share, after BTFG and AMP, according to Strategic Insight. This is as at December 2018.
Source: Financial Standard
https://www.financialstandard.com.au/news/colonial-first-state-makes-major-fee-cuts-135589757
Total individual life insurance premium inflows grew to $16.3 billion over the year ending December 2018, new Strategic Insight figures reveal.
Source: Risk Adviser
https://www.ifa.com.au/risk/26690-risk-inflows-up-1-9-through-2018
CommInsure and AMP recorded significant declines in group risk premium inflows for the year ending December 2018, latest Strategic Insight data shows.
Source: Financial Standard
https://www.financialstandard.com.au/news/group-risk-inflows-slow-at-comminsure-amp-135412694
A platform provider has outperformed all of its major competitors in terms of annual percentage growth in funds under management in 2018, new data reveals.
Source: Risk Adviser
https://www.ifa.com.au/news/26628-platform-outguns-competition-in-fum-growth
TAL has won the Platinum Award for the 2018 AFA/Strategic Insight Life Company of the Year. AFA CEO, Phil Kewin: …These are the companies that are demonstrating a genuine commitment to innovating and improving their offer.
Source: Risk Info
http://riskinfo.com.au/news/2019/03/14/tal-takes-top-honours-at-life-company-awards/
Newly released figures from research house Plan for Life suggest Australia’s wealth management platforms collectively administered $990 billion in investor assets at September 30 last year.
Source: Australian Financial Review
https://www.afr.com/companies/financial-services/wealth-platforms-near-1trn-as-markets-lift-all-boats-20220113-p59nyh