Navigator today announced that sales of the newly released Growth Pension product are already gathering pace.
Navigator today announced that sales of the newly released Growth Pension product are already gathering pace.
Launched on 20 September 2004, financial advisers have recognised Navigator’s Growth Pension as one of the most innovative retirement products on the market.
General manager - products, Tim Cobb, said the financial adviser who sold the first Navigator Growth Pension realised this was the perfect solution for his client, who was looking to optimise growth opportunities over retirement as well as maximise Centrelink entitlements.
Financial adviser Scott Bickertson from Peachey’s Investment Services in Queensland was officially the first to sell a Navigator Super Solutions Growth Pension just a few days after launch.
In this circumstance, the Growth Pension was selected to complement a Navigator Allocated Pension in a blending strategy. This means the client benefits from the Growth Pension providing 50% social security asset test exemption and access to the higher Pension Reasonable Benefit Limit (RBL), while the Allocated Pension provides access to lump sum funds and greater payment flexibility.
"A blended financial plan, such as this one, is perfect for people who want to invest their retirement funds in growth assets, maximise their Centrelink eligibility and have access to their money if they need it," says Tim.
Tim says savvy financial advisers are quickly recognising the benefits of the Navigator Growth Pensions and are advising their clients of the benefits that growth products can add to a retirement income solution.
"The interest in this product has been excellent with a number of advisers already recommending Navigator Growth Pensions to their clients," says Tim. "This is a fantastic reaction and shows our products really meet the needs of the retirement market and that advisers are taking action now so their clients don’t miss out on the benefits."
Further details on Navigator Growth Pension can be obtained by contacting a financial adviser.
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For further information please contact:
Simon Morgan
Group General Manager Public Affairs
Phone: (03) 9829 8892
Mobile: 0407 966 632
Notes to editors:
- Aviva Australia is a group of two specialist financial services companies: Navigator and Norwich Union Life Australia Ltd. Portfolio Partners, the Australian funds management arm of Aviva plc, is a sister company. 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, Aviva Australia is part of Aviva plc, the world’s fifth 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 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$78 billion, and more than A$624 billion of assets under management (as at 1 July 2004). The group has more than 56,000 employees and 30 million customers worldwide
- The information in this document reflects Navigator Australia Limited's ('Navigator’) understanding of existing legislation, proposed legislation, rulings etc as at the date of issue. In some cases the information has been provided to us by third parties. While it is believed the information is accurate and reliable, this is not guaranteed in any way. The 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 and it is not a substitute for professional advice. Applications to invest in a financial product issued by Navigator, or any of its related entities, must be made by completing the application form attached to the applicable Product Disclosure Statement ("PDS"). A PDS is available from Navigator or your financial adviser. Before making an investment decision on the basis of the information above, a prospective investor needs to consider, with or without the assistance of a professional adviser whether the information is appropriate in the light of their particular investment needs, objectives and financial circumstances.