Calculating pensions is made easy

Article date: 10 January 2007

New Year – newresolutions. For customers who want to get their finances in order,Norwich Union has launched a “pension calculator”. Itwill help make retirement planning easier to understand andhighlight the benefits of saving into a pension.

Available on the new Norwich Union "Make Sense Of It" websitewww.makesenseofit.comthe new calculator reflects the company’s commitment tohelping customers take charge of their finances.

Iain Oliver, head of pensions, Norwich Union, said: “Werecruited end customers to test the calculator and help shape itinto something that’s as good for somebody new to retirementsaving as it is for somebody looking to top up their existingpension.

“We wanted to make sure it was designed by customers forcustomers. They helped make it what it is: simple to use and easyto understand. By entering personal details, including personalincome and expenditure onto the secure site, the calculator will dothe hard work and project retirement income in today’smoney.

“It highlights any shortfalls and customers get anillustration of their potential income in retirement. It alsoallows customers to save and/or print a personal report whichhighlight steps they can take. By using the interactive tool,customers can see how small changes make a big difference to theirpension in the future.”

The Norwich Union Life pensions calculator is available on


Norwich Union launched its websitein October 2006.

Press office contacts:
Cheryl Cox 01904452791 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’slargest insurer. It is a leading provider of life, pensions andinvestment products and one of the largest financial adviser (FA)providers. FAs provide over 70% of the company's long-term savingsbusiness in the UK.

Norwich Union is the UK’s largest general insurer with amarket share of around 14%, with a focus on insurance forindividuals and small businesses.

Norwich Union’s news releases and a selection of images areavailable from Aviva's internet press centre at

The information published in this section is solely intended foruse by members of the media. Customers should not rely on theinformation contained within these news releases to form the basisof investment decisions.

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