Navigator named our number one servant
NorwichUnion’s Navigator master trust has taken out the top honour in the premier service level awards for retail financial services.
Navigator took out overall first place in the Assirt Service Level Survey awards, announced last night at a gala dinner in Sydney, while Asgard and Summit took out equal second place.
The win for Navigator comes after an extensive redevelopment of the master trust product, which took three years to complete at a cost of more than $40 million.
Colonial First State took top honours in the fund manager rankings, while Zurich came in second, and Perpetual and Norwich came in equal third.
The award polled 495 advisers gathered at random from the Financial Planning Association (FPA) member lists, and telephone directories. The survey covered 19 fund managers and eight master trust and wrap accounts.
The survey examined a range of key service features across seven categories, including quality of asset management, marketing and administration support, technical services and effectiveness of communication.
Service levels move to the fore—page 27.
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.