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).
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