Commercial Union Pension Fund, the largest in the market, has introduced a further improvement for customers using the internet service online account – the Limit option.
Commercial Union Pension Fund, the largest in the market, has introduced a further improvement for customers using the internet service online account – the Limit option. Thanks to this and previous innovative internet functions, CU Pension Fund customers have at their disposal one of the widest ranges of online service.
The Limit function is suitable for those CU Pension clients who receive an income in the current year that exceeds the level of 30 times the average forecast monthly remuneration in the economy. When this ceiling is passed, pension insurance contributions cease to be sent to the State Social Security Agency. It is therefore possible to calculate the total sum of contributions that the Agency must send to the account of the person in question at his or her pension fund. The tool put in place by CU enables an easy comparison to be made between contributions received and this limit. If a discrepancy is found, the customer may find detailed advice immediately on the internet as to what to do to sort the situation out.
The internet functions previously introduced include the potential to add and sort the contributions received. One innovative service that is not available with other funds, but which has been on offer from CU Pension Fund for some time now, is e-mail notification of interested customer of the fact that a contribution had been paid into his or her account, along with information on the period to which this contribution relates (the amount of the contribution is not provided in this context in order to maintain confidentiality and security of data).
CU Pension Fund customers making use of the online account service may trace the entire history of their account – ie the amounts of all contributions and the dates they were received, along with information on the period to which a given contribution relates. It is also possible to check who has been appointed as beneficiary to one’s account and to find out more extensive information concerning CU Pension Fund investments. Online account may be accessed free of charge by any customer who has sent in an application and received a personal e-Pin to ensure security and confidentiality.
Furthermore, for three years now CU Pension Fund has provided the potential to send the data necessary to conclude a contract of accession to the fund via the internet – and this applies both to people who have chosen pension fund for the first time and to those who wish to change funds and move over to CU. The customer will subsequently receive a prepared copy of the contract by post to sign.
Since the beginning of pension reform in 1999, CU Pension Fund has been the largest pension fund, in terms of both customer numbers (2,562,652 individuals at the end of 2005), and assets under management (over 24 billion Polish zloty or Ł4.3 billion).
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Information:
Bohdan Bialorucki
Telephone: + 48 22 557 43 41
E-mail: bohdan_bialorucki@cu.com.pl
For further information, see www.cu.com.pl
Notes to editors:
Commercial Union Poland group is part of the international Aviva group, the world’s sixth largest insurance, savings and investments group, and the largest in the United Kingdom by revenues. Aviva group operates in over 25 countries. It occupies a strong position in the European Union, including United Kingdom, Ireland, France, the Netherlands, Spain, Italy and Poland. Worldwide, Aviva group services over 30 million customers and manages assets valued at over Ł290 billion. For additional information, see the website http://www.aviva.com.