Annuity asset test changes lead to strong inflowsTUESDAY, 25 JAN 2005 10:18AMAustralian Prudential Regulation Authority (APRA) life insurance statistics have shown $10.9 billion of life office premiums were received during the September 2004 quarter, a 28 per cent increase from the same time last year, on the back of changes in the asset test exemption for complying annuities that led to noteworthy one-off annuity sales. |
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