Norwich makes new appointment to rescue PlanIt

Software/chief-executive/

15 July 2003
| By John Wilkinson |

NorwichUnionhas appointed a new head of development in a bid to get its troubled financial software, PlanIt, back on track.

The software was launched in May 2001 to replace the DOS-based FPI software. It was quickly withdrawn after a number of problems developed with the software.

The management of the project was removed from Navigator and passed to Allan Griffiths, who was then head of distribution. Griffiths has subsequently become chief executive of Norwich, however, PlanIt has still not re-appeared on the market.

The group has now appointed Dr Sharam Hekmat to the task. Hekmat has worked with Norwich for the past three years on a number of software development roles within the company and has experience as an international software design consultant.

Griffiths says he has “every confidence” in Hekmat to deliver the PlanIt software.

“Hekmat is a world-class software designer with a proven track record, having successfully designed, developed and implemented PlanIt Singapore for the Aviva Group and n-link for Norwich Union,” he says.

Navigatordistribution head Paul Northey will support Hekmat in the rollout phase, although Norwich has not given a date for the rollout.

Griffiths has said in the past that no date would be announced until the software was working 100 per cent.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

1 day 7 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 2 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5