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 episode of Relative Return Unplugged, hosts Maja Garaca Djurdjevic and Keith Ford, along with special guest Steve Kuper, discuss a whirlwind start to US President Donald Trump’s second term that all but kicked off a trade war.
The emergence of DeepSeek, a Chinese artificial intelligence (AI) start-up that claims to have built an advanced large language model in just two months for under US$6 million, sent shockwaves through the AI world and cratered US tech stocks.
Donald Trump’s presidency has already begun reshaping the corporate and political landscape in the US, with executive orders rolling back diversity, equity, and inclusion (DEI) initiatives and clean energy efforts.
In this episode of Relative Return Unplugged, hosts Maja Garaca Djurdjevic and Keith Ford are joined by AMP chief economist Shane Oliver to take a look at what can be learned from 2024 as attention turns to what markets will do in the new year.
