PORT PERRY, ONTARIO – Novinsoft Inc – a leading developer of software for insurance and financial services firms — announced the launch of its new web-based Illustration System for Manulife Financial�s Canadian Pension Operations (CPO).
The illustration system was developed to support Manulife’s newly released Group Retirement Income Plan. Available to registered users through CPO�s secure Internet sites, the tool gives customers the ability to quickly produce illustrations for a number of retirement income products. Novinsoft already works in partnership with Manulife’s Individual Life and Health operation to provide illustration software for its advisors and customers.
�It’s important for retiring plan members to get a clear sense of their options so they can make confident choices about their retirement income,� says Bill Sipes, Marketing Director with Manulife Financial’s Canadian Pension Operations, �We chose Novinsoft based on the quality of the work they�ve provided for our colleagues on the Individual side and we’ve been very pleased with their commitment to helping us provide an important tool for our customers to use.�
Neil Menear, President, Novinsoft Inc. said, �We’re really pleased to be expanding our relationship with Manulife. Having this opportunity to develop this tool for their new product has been an exciting challenge.�
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$350 billion (US$290 billion) as at March 31, 2005.
Manulife Financial Corporation trades as �MFC� on the TSX, NYSE and PSE, and under �0945� on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.
Novinsoft Inc. is a leading developer of new business and in-force illustration systems, needs analyses, sales concepts, and wealth management sales modules for the financial services industry. Novinsoft can be found on the internet at www.novinsoft.com.