Navigator gets corporate super option
NorwichUnionhas added corporate superannuation to its Navigator platform for the first time, with a new range of funds and managers.
Navigator Super Solutions offers members access to more than 45 investments from 22 managers, with a choice between three investment approaches.
Pre-Select lets members choose from a range of six new multi-manager style funds, Self-Select lets them choose their own investment options and managers, and a combination of the two allows members to create their own mix of funds.
The new Navigator Super Solutions Pre-Select options include conservative, balanced, growth, high growth, Australian equity and international equity funds.
Self-Select options include theVanguardAustralian Fixed Interest, Vanguard Property Securities Index Fund, andInvescoWholesale Australian Smaller Companies funds.
Norwich Union chief executive Allan Griffiths says the launch of Navigator Super Solutions is a natural progression for the product.
In 2002, Norwich Union’s Super Solutions’ net new business for employer superannuation grew 200 per cent, according toDexx&rfigures.
Griffiths says they are adding Super Solutions to the Navigator platform in response to investor demand.
Navigator Super Solutions provides online access to product and account information, so employers and members can keep updated on their investments via online member statements.
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
