Norwich SuperNet
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Norwich Union's Superannuation, Risk and Managed Investment Products are supported by their innovative, unique and interactive administration facility, SuperNet. SuperNet enables the exchange of data between you and Norwich Union over a secure Internet connection. SuperNet is linked to Norwich Union's system providing you with up-to-date information on your Norwich Union investment. |
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Latest enhancements to SuperNet:
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Norwich Union's Super Solutions product is supported by our
innovative, unique and interactive administration facility, SuperNet. SuperNet
is transforming the way we communicate and provide service to our clients. This
superannuation administration facility enables the exchange of data between you
and Norwich Union over a secure Internet connection. SuperNet is linked to
Norwich Union's system providing you with up-to-date information on your Norwich
Union investment.
SuperNet not only saves you time, it also represents a
significant cost saving. Our $2.50 Contribution Transaction Fee (per member
contribution) is waived when contributions are submitted by SuperNet.
SuperNet removes the double handling of administering your
superannuation plan by streamlining the process of making contributions and
facilitating a range of additional on-line functions.
Through SuperNet, you also have access to our workflow
administration system, which allows you to view the status of work items from
your desktop.
SuperNet allows you to generate member balances, investment allocations and even current statements online, so now you can spend less time managing your plan and more time growing your business.
Logon to Colonial Select
What is Colonial Select Superannuation Plan? |
| The Colonial Select Superannuation Plan (Colonial Select)
is a total superannuation package, which can be tailored to suit your
specific requirements. It is simple to operate, yet it offers
flexibility and choice through variable contributions, tailored
investment choices and a selection of insurance options.
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| Colonial Select is a master trust arrangement. Employers
can establish a separate plan within Colonial Select for their
employees. Where employers maintain their own separate superannuation
fund the employer appointed and member elected trustees have real legal
responsibilities. By using Colonial Select these responsibilities can be
transferred to Colonial Mutual Superannuation Pty Ltd, the master trust
trustee. This can reduce the cost of providing superannuation for your
employees.
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| A master trust is, quite simply, a more convenient way in
which to manage your corporate superannuation. During the 1980 ’s
investors became more aware of the need to diversify their investments.
But to do this they had to invest in a range of individual products,
with different fee structures, separate application forms, and
individual reports from individual managers - a frustrating, confusing
and time consuming process for most investors.
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| A master trust such as Colonial Select provides members with the opportunity to diversify investments across a wide range of managers and options, all within one professionally managed plan. Colonial Select is designed for: |
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| Why invest with the Colonial
Select Superannuation Plan?
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| What does it offer? |
| The Colonial Select Superannuation Plan is a flexible and
comprehensive superannuation vehicle that provides an easy way for
employers to allow their employees to save for retirement. Specifically
it offers:
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| Flexible contribution options |
Colonial Select caters for flexible contribution options
allowing:
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| Investment Choice |
| Colonial Select offers 50 investment options, each having
slightly different risk/return profiles. Some of these options invest in
a range of classes (diversified) while others invest in a single asset
class (single sector). Since members can invest in up to six options
they are able to mix and match. The investment options vary in the way
they are managed and include an A La Carte range (both Single Sector and
Diversified) and Easy Options range. If a member does not choose an
investment option, their Account will be invested in the default option.
The default option operates based on the member’s age when they join.
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| The Easy Options diversified and single sector investment
options enable access to other leading Australian and international
investment managers. The external investment managers have been selected
with the assistance of expert consultants with a view to ensuring that
all the managers are suitable for the roles in which they have been
selected.
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| Detailed information on choice of investment can be
obtained from the Colonial Select Member Booklet or Employer Guide and
Understanding your Investment Options booklet. A range of insurance
options are available at competitive rates. Insurance cover is available for:
Insurance cover will normally commence from the date we receive the first contribution. Colonial Select may also offer you an Automatic Acceptance Limit (AAL). Automatic acceptance means that members in employer groups of 5 or more will not have to supply any health evidence for benefits up to a dollar amount called the Automatic Acceptance Limit.
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| Tax Benefits |
| The net (after expenses) returns earned from
superannuation investments are taxed at a maximum level of 15%. Where
the investment contains Australian shares, a lower effective rate of tax
could apply after offsetting credits from franked dividends.
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| Flexibility and Control |
| As members move though different stages in their life,
their investment needs will almost certainly change. Colonial Select
allows members to easily alter their investments without the paper work
normally associated with such changes. This offers flexibility whilst
maintaining control of their investments.
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| Competitive Fees |
| The Colonial Select fee structure is all-inclusive. There
are no additional charges for consulting, trusteeship, administration,
audit and legal services. The real cost of running a superannuation plan
has increased dramatically in the last few years. Colonial Select is
competitively priced. Further details can be obtained from the Colonial
Select Member Booklet or Employer Guide.
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| Education |
| We have an education program, which helps you to
understand super and empowers members to take ownership of their
investment. Our comprehensive program is developed to be engaging,
informative and succinct. We have developed interactive exercises that
involve and encourage members to consider their personal situation,
guide them through the options Colonial Select provides and simplify the
decision-making process.
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| Other Benefits:
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| Regular and Consolidated Reporting |
| A key benefit of Colonial Select is the regular and
consolidated reporting to members. To ensure that your employees are
kept informed, Colonial provides members with statements twice a year,
member reports and a Freecall 1300 550 554 telephone service. The
statements show the current balance in the employee account and any
transactions that have taken place over the period (including the amount
of charges deducted from the Account).
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| Internet Functionality |
| The Select Internet site will allow Advisers, Members and Employers the opportunity to access their superannuation accounts 24 hours a day, 7 days a week. Please use the menu tabs to explore the Select Internet site. |
For further information click here
If you are already a registered user, or you wish to run a demo version of Supernet then you can access the site by click on here or by clicking on the icon above