Some features of the Standard Life VIP Room include various tools, resources, services and valuable information that enable members to effectively manage their retirement plans. This management information system is fully integrated with Standard Life's trademarked Plan for Life member education program, notes the company's official website.
Standard Life provides policyholders with online access to its VIP Room service, which was developed using Web 2.0 technology. This service was designed to deliver a quality web experience and equip group plan members with various innovative investment tools to perform a wide range of activities. The VIP Room lets registered members manage their plans, view current holdings, formulate financial goals and consult investment performance, states StandardLife.ca.
Members who are logged on to the VIP Room portal access tools and information through a real-time user interface, which presents certain data in a graphical manner. Users can access a summary of their plan easily, read about investment risks, review transaction history and view registered retirement savings plan contributions for the current and previous years. The VIP Room also provides key information regarding personalized rates of return, average buying costs and guaranteed investment certificate maturities.
Under the plan management section of the VIP Room, members can pay for contributions online, modify contribution rates, update personal information, review beneficiary appointments, access forms and printed materials, do asset rebalancing and revise specifications for investing, reinvesting and disinvesting. Other features of the VIP Room include the retirement calculator, retirement income illustrator, investor profiler and financial education center.