The growth of allocated pensions and annuities
According to the DEXX&R Analysis Market Share Report March 2012 and the DEXX&R Market Projections Report from June 2012, allocated pensions are still most popular as a retirement incomes option.
Related: Can retirement income products make the savings last?
Funds under management/ administration (FUM/A) in allocated pensions increased by 1.4 per cent over the past 12 months to $108 billion at March 2012 – up from $106.5 billion at March 2011.
In the three months to March 2012, there was a net increase of 5.3 per cent, with FUM/A up from $102.6 billion to $108 billion.
Seven of the top 10 companies reported an increase in allocated pension FUM/A over the year to March 2012 (see Table 1).
{^image|(width)600|(height)262|(mouseoverheight)350|(url)http://media.cirrusmedia.com.au/Money_Media_Library/Print Images/120920/t1MMSEP20_1.jpg"" src="http://media.cirrusmedia.com.au/Money_Media_Library/Print Images/120920/t2_MMSEP20_2.jpg" style="vertical-align: middle; margin: 5px;" />
Recommended for you
In this week’s episode of Relative Return Insider, hosts Maja Garaca Djurdjevic and Keith Ford discuss a busy week of announcements from ASIC, with submissions to its public and private markets paper made (mostly) public.
In this week’s episode of Relative Return Insider, AMP chief economist Shane Oliver joins the show to unpack Australia’s underwhelming March quarter GDP figures and what they signal for the Reserve Bank’s next move.
The latest episode of Relative Return sees host Laura Dew chat with Brian Jones, founder of outsourcing company VA Platinum, on why choosing to outsource certain functions of your business can enable you to be efficient and productive.
In this episode of Relative Return Insider, hosts Maja Garaca Djurdjevic and Keith Ford are joined by Money Management editor Laura Dew to discuss learnings from JP Morgan’s recent conference in London, and what top fund managers and analysts see driving market behaviour.
