Aviva made its’ pension calculator available in the form of a mobile application with the Android system.
Aviva made its’ pension calculator available in the form of a mobile application with the Android system. It can be downloaded for free from Android Market. Future pension from Social Insurance (ZUS) and Open Pension Fund (OFE) can be now also calculated on a smart phone or a tablet.
The calculator has been available on Aviva’s website www.aviva.pl/kalkulator since July. So far, it has been used by a few dozen thousand people to calculate their future pensions.
In the calculator one has to enter their funds existing on the Social Insurance (ZUS) account, as well as to provide the amount of pension funds gathered on their Open Pension Fund (OFE) account. Therefore, it is necessary to refer back to two letters: one of them entitled "Information in regards to the account of the person insured by the Social Insurance (ZUS)" that is received on annual basis from Social Insurance; the other letter comes from Open Pension Fund in regards to the funds gathered on the account with them.
Then, it is required to provide the details regarding one’s own income and all the extra pension funds an individual has so far managed to gather (third pillar). The next step is the statement of what monthly pension payment an individual considers being satisfactory.
The result of the calculations is the information that tells us how much extra money we should still gather in order to meet our expectations as for the retirement standard of living. The calculator suggests what amount of money should be regularly put aside and invested in. Systematic saving of nominal amount of money (eg equivalent of a packet of cigarettes per day) yet done over a number of years is the basic means for us to substantially increase our future pension.
"The interest in the calculator proves that more and more people wish to plan for their future on retirement. Using information available from Social Insurance (ZUS) and Open Pension Fund (OFE) as well as using financial planning tools, everyone can calculate what sort of pension they will receive and how much extra money they still need to save," says Piotr Szczepiórkowski, deputy chairperson on Aviva Life Insurance Group plc.
Figaro Software Ltd prepared the mobile application.
-ends-
Information:
Bohdan Białorucki, press spokesman
Telephone: (22) 557 43 41 / 501 781 140
E-mail: bohdan.bialorucki@aviva.pl
Grzegorz Mathea
Telephone: (22) 557 43 70
E-mail: grzegorz.mathea@aviva.pl
Notes to editors:
Aviva is the sixth insurance group in the world and is the market leader in the United Kingdom. The group operates in 28 countries in Europe, North America and Asia. It provides services to 53 million clients, achieves annual revenues of £50 billion and manages assets valued at £380 billion. Aviva has been operating in Poland since 1992 (up to May 2009 as Commercial Union).
The company is a pioneer in modern life insurance and is one of the two leaders among pension funds. The company also offers investment products, property insurance for companies and individual customers, group life insurance and employee retirement plans. It serves 3.5 million customers and manages assets worth of over PLN 65 billion.
Additional information: www.aviva.pl, www.avivainvestors.pl, www.aviva.com.