Aviva technology speeds pension account creation
Aviva Australia has launched new online technology it claims will enable advisers to set up pension accounts within 10 minutes and payments for their clients in as little as three days.
This new technology will “revolutionise the set up process for typical transition to retirement strategies, making it simpler and easier than ever before”, according to an Aviva media release.
“Advisers can utilise straight-through-processing to set up pension accounts and submit a full or partial transfer from superannuation to a pension account in 10 minutes.
“In the past, customers of some platforms have waited up to 60 days to start receiving their payments due to difficult set up procedures and manual processing delays.”
The media release added that Aviva’s online superannuation to pension transfer facility will “save countless hours of administration within planning businesses”.
Recommended for you
Far too few wealth managers are capitalising on the opportunity presented by disruptive technology to deliver personalised investment solutions to the mass affluent demographic, according to PwC.
With over half of advisers using managed accounts, HUB24’s head of managed portfolios has unpacked the benefits driving their usage and how they can be leveraged by advice practices.
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
ASX-listed platforms HUB24, Netwealth, and Praemium have used their AGMs to detail how they are using artificial intelligence to improve their processes and the innovative opportunities it presents.
