Prudential wins award for their online Retirement Calculator, powered by Distribution Technology.
In March 2009, Prudential won the Financial Services Revolution Award for their Retirement Calculator. The website was created by an internal team, but the financial calculations supporting the application came from Distribution Technology.
Prudential set out to engage consumers in the retirement planning process and created the Retirement Calculator, offering a service that was simple to navigate and highly visual, so making the journey easy and quick to understand. The application balances the expected retirement age and income with current contributions and savings. This way, the user can see whether they are on track to support their retirement, and are presented with options on how to they can change their situation if they are not. Changes in the value of investments and contributions are reflected in the graphics in real-time due to the powerful nature of the Distribution Technology Planning and Sales Platform.
Uptake in usage has exceeded all expectations. Visitor numbers were up by 20%, and registrations were 50% greater than anticipated. The calculator has proved to be a fantastic brand awareness and lead generator tool for both Prudential and IFAs. Prudential has managed to become an online educator and facilitator in planning for retirement.
Prudential's Head of Online & eCommerce, Steven Zuanella said:
We have always known that our Retirement Planning service was a market leading proposition and it's great to get this level of external recognition. Having recently integrated the Retirement Calculator with our main consumer website, pru.co.uk, we now look forward with confidence to the ongoing development of the service for consumers and our corporate clients.
To discuss how Distribution Technology can support your consumer facing planning and sales solutions please call your Client Director or Paul Chedzey, Director of Client Success, on +44 (0) 7766 422 229.
Industry news and views
Budgetary changes and the impact on on the DT Planning and Sales Platform
Our Director of Financial Planning, Simon Farrant, has collated the updates and changes to the budget , and what the impact would be on our technology.
To talk further about how Distribution Technology is factoring in the latest Budget, or how you can ensure that your advisers are advising in line with current regulations, please contact Simon Farrant on +44 (0) 7738 641 075.
Events
The future of the Pension consolidation market
We held our first event in Edinburgh in March, to discuss the topic of Pension Consolidation. On a beautiful sunny morning overlooking the castle attendees enjoyed hearing different perspectives from John Everill, Director of Propositions at Bluefin and Ray Chinn, Head of Pensions at LV=. Simon Farrant, Director of Financial Planning at Distribution Technology presented on the opportunities and challenges that we see within the market.
Distribution Technology User Group
The User Group met in March in central London and was chaired by David Greenall from Canada Life . It was a very productive meeting where feedback and opinions on our platform and tools were shared. All attendees felt they got value from the group and are keen to meet again. The next User Group meeting will be held on 25th June and the main topic of discussion will be our Risk Profiling review and demonstrations of how each of the providers web propositions . If you are interested in attending this event please contact your Client Director or .
Investment Network April meeting
Ben Goss, CEO presented at the recent Investment Network meeting. His presentation is available here: Transforming the client adviser relationship.
|
