New Year – new resolutions. For customers who want to get their finances in order, Norwich Union has launched a “pension calculator”.
New Year – new resolutions. For customers who want to get their finances in order, Norwich Union has launched a “pension calculator”. It will help make retirement planning easier to understand and highlight the benefits of saving into a pension.
Available on the new Norwich Union "Make Sense Of It" website www.makesenseofit.com the new calculator reflects the company’s commitment to helping customers take charge of their finances.
Iain Oliver, head of pensions, Norwich Union, said: “We recruited end customers to test the calculator and help shape it into something that’s as good for somebody new to retirement saving as it is for somebody looking to top up their existing pension.
“We wanted to make sure it was designed by customers for customers. They helped make it what it is: simple to use and easy to understand. By entering personal details, including personal income and expenditure onto the secure site, the calculator will do the hard work and project retirement income in today’s money.
“It highlights any shortfalls and customers get an illustration of their potential income in retirement. It also allows customers to save and/or print a personal report which highlight steps they can take. By using the interactive tool, customers can see how small changes make a big difference to their pension in the future.”
The Norwich Union Life pensions calculator is available on www.norwichunion.com and www.makesenseofit.com
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Norwich Union launched its www.makesenseofit.com website in October 2006.
Press office contacts:
Cheryl Cox 01904 452791 Out of hours 07800 695 275
Robert Pell 01904 452659 Out of hours 07800 699563
Louise Soulsby 01904 452617 Out of hours 07800 695226
Notes to editors:
Norwich Union is the UK’s largest insurer. It is a leading provider of life, pensions and investment products and one of the largest financial adviser (FA) providers. FAs provide over 70% of the company's long-term savings business in the UK.
Norwich Union is the UK’s largest general insurer with a market share of around 14%, with a focus on insurance for individuals and small businesses.
Norwich Union’s news releases and a selection of images are available from Aviva's internet press centre at www.aviva.com/media
The information published in this section is solely intended for use by members of the media. Customers should not rely on the information contained within these news releases to form the basis of investment decisions.