Life And Superannuation In Australia 2008

By Author: Manjula Menon
Total Articles: 1486
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Australia's superannuation market is unique because employers must make compulsory contributions on behalf of their workers. A number of regulation changes have taken place in recent years making superannuation a highly attractive and tax friendly environment to save money.

Scope of this report

Assesses the value and future prospects of the financial advisory industry.

Reviews the impact of changes in regulation on the superannuation market and presents details of life insurance income growth between 2003-2007.

Analyses the market shares of life insurance companies operating in Australia.

Research and analysis highlights

Australia's population is ageing quickly and over the next 40 years the proportion of the nation that is aged 65 and over is set to rise rapidly. This is one of the driving factors that will push up demand for professional retirement and investment advice.

Recent government legislation changes surrounding the superannuation market have proved highly profitable to life insurance companies. While the federal government has made changes to help encourage individuals ...
... to build up their savings, financial providers are reaping the rewards of increasing sales and assets under management.

The three largest life companies in Australia managed 66% of the total Australian assets in the industry at the end of 2007. These top three life offices were AMP, National Australia/MLC and ING/ANZ and combined they managed AUD164.2bn in statutory fund assets.

Key reasons to read this report

Review life insurance market shares across ordinary life insurance products and superannuation.

Discover the ageing problem of the financial advisory market in Australia and the plans for business succession

Assess historic market data from 2003-2007 including total sales, a breakdown by product type and superannuation assets.

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