Norwich Union today announced the introduction of a new web-based electronic submission system for the Super Solutions Employer Plan.
Norwich Union today announced the introduction of a new web-based electronic submission system for the Super Solutions Employer Plan.
Called, E-applications, the system gives advisers the ability to submit all Super Solutions Employer Plan applications through the adviser only web site – www.solutions.norwich- union.com.au
This new facility is easy for advisers to understand and follow and eliminates a lot of the paper work while reducing the possibility of establishment errors. The system assists advisers to complete the application process with regular prompts and warnings.
Allan Griffiths, managing director Norwich Union Life, said the new system complemented Norwich Union’s strong web-based processes and significantly simplified administration for advisers.
“The introduction of E-applications has many benefits. It speeds up the administration for the adviser and ensures the superannuation plan details are available at the touch of a button,” said Allan.
The new electronic system is also complemented by a number of product enhancements for Super Solutions.
Seven new investment choices have been added to the product range, expanding the number of options that can be selected to 45. Options are sourced from UBS, JB Were, AXA, AMP and Challenger.
Members will also have access to a socially responsible investment category that invests in a portfolio of assets which meet certain financial criteria as well as considering additional concerns such as working conditions, human rights and social impacts.
“Super Solutions is a product that has been specifically designed to suit customers and Financial Advisers. For customers, we have a financial product that provides for their financial future. For advisers, we have created a state-of- the-art product that cuts down their time consuming administration processes,” said Allan.
For further information, please contact:
Simon Morgan
Group General Manager Public Affairs
(03) 9829 8892
0407 966 632
Note to editors:
- Norwich Union Australia is a group of three specialist financial services companies; Navigator, Norwich Union Life and Portfolio Partners. Through these companies we provide products and services in the areas of wealth creation, wealth management and wealth protection for more than 300,000 customers throughout Australia.
- Globally, Norwich Union Australia is part of CGNU plc, the world’s seventh-largest insurance group, the largest insurer in the UK and one of the top five life companies in Europe. CGNU was formed in May 2000 through the global merger of CGU plc and Norwich Union plc.
- CGNU’s principal business activities are long-term savings, funds management and general insurance. It has a market capitalisation of approximately A$33.5 billion at 14/06/02, worldwide premium and investment sales of more than A$72.2 billion from ongoing business and more than A$519 billion in assets under management. The group has 64,000 employees and more than 15.25 million customers.
- Norwich Union Australia has a sister company, CGU Insurance Ltd, a top 5 general insurance business, which operates independently in Australia.
- This document does not contain all the terms and conditions attaching to product benefits and options. For a full list of terms and conditions please refer to the Offer Document. A policy for insurance cover or an application for an issue of an interest as described in this document can only be effected after completion of the application form contained in a current Offer Document for the product.
- The information in this document reflects Norwich Union's understanding of existing legislation, proposed legislation, rulings etc as at the date of issue. While it is believed the information is accurate and reliable, this is not guaranteed in any way. The information is not, nor is it intended, to be comprehensive or a substitute for professional advice on specific circumstances.
- The securities advice or information given in this document is of a general nature and has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of the advice above, a prospective investor needs to consider, with or without the assistance of a professional adviser whether the advice is appropriate in the light of their particular investment needs, objectives and financial circumstances.