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
Join us for a special episode of Relative Return Unplugged as hosts Maja Garaca Djurdjevic and Keith Ford are joined by shadow financial services minister Luke Howarth to discuss the Coalition’s goals for financial advice.
In this special episode of Relative Return Unplugged, we are sharing a discussion between Momentum Media’s Steve Kuper, Major General (Ret’d) Marcus Thompson and AMP chief economist Shane Oliver on the latest economic data and what it means for Australia’s economy and national security.
In this episode of Relative Return Unplugged, co-hosts Maja Garaca Djurdjevic and Keith Ford break down some of the legislation that passed during the government’s last-minute guillotine motion, including the measures to restructure the Reserve Bank into a two-board system.
In this episode of Relative Return Unplugged, co-hosts Maja Garaca Djurdjevic and Keith Ford are joined by Money Management editor Laura Dew to dissect some of the submissions that industry stakeholders have made to the Senate’s Dixon Advisory inquiry.
