Navigator has launched an advertising campaign to promote its n-able product, which assists financial planners to obtain their Australian Financial Services Licence (AFSL) and provides ongoing, customisable back office support.
Navigator has launched an advertising campaign to promote its n- able product, which assists financial planners to obtain their Australian Financial Services Licence (AFSL) and provides ongoing, customisable back office support.
Kate Williams, group marketing manager, said the aim of the print advertising campaign – a first for n-able – is to rapidly increase awareness of the product over the critical next three months. "With less than three months remaining for securities dealers and life insurance brokers to safely become AFSL holders, there is a real risk some won't have the necessary licences to be open for business come 11 March 2004," she said.
The Australian Securities and Investments Commission has stated that applications lodged in the last three months of the transition period face a real risk that they will not receive a licence in timeš. The last three months of the transition period commence on 11 December 2003, itself less than three months away.
n-able was conceived out of a need to support small to medium financial planning businesses to comply with the Financial Services Reform Act, which requires advisers to become an AFSL holder or be an authorised representative of an AFSL holder. To date, n-able has successfully aided many financial planners to become AFSL holders and they use its broad range of customisable, time- efficient back office support services on an ongoing basis.
The advertisements will be placed in industry publications during September, October and November and will highlight a key feature of n-able – its ability to give advisers the flexibility to select only the back office services that best meet their business needs, providing them with cost savings.
"Graphically, the advertisement features the best known symbol of individuality – a fingerprint – thereby reinforcing the message that n-able provides a personalised service," Ms Williams said.
Services are provided by the combined resources of external specialist suppliers and Navigator / Norwich Union, and include AFSL assistance, compliance, regulatory technical advice, training and research.
Navigator also recently hosted n-able seminars for securities dealers and life brokers in Melbourne and Sydney to assist them with their AFSL applications.
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For further information, please contact:
Simon Morgan,
Group General Manager Public Affairs
Telephone: 03 9829 8892
Mobile: 0407 966 632
š AFS licensing kit Part 1 Version 2 – October 2002
Note to editors:
- Norwich Union Australia is a group of two specialist financial services companies; Navigator and Norwich Union Life. Portfolio Partners, the Australian funds management arm of Aviva plc, is a sister company to Norwich Union. 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 Aviva plc, the world’s seventh largest insurance group, the largest insurer in the UK and one of the top five life companies in Europe. Aviva was formed in May 2000 through the global merger of CGU plc and Norwich Union plc.
- Aviva is the worlds seventh-largest insurance group and the biggest in the UK. It is a leading provider of life and pensions products to Europe and has substantial businesses elsewhere around the world. Its main activities are long-term savings, fund management and general insurance. It has premium income and investment sales from continuing operations of A$68.32 billion, and more than A$488 billion of assets under management (as at 1 July 2003). The group has more than 59,000 employees and 25 million customers worldwide.
- 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.