Norwich Union With-Profit Fund improved
www.moneynews.co.uk > Banking > Norwich Union With-Profit Fund improved
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Money News |
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Norwich Union With-Profit Fund improved
Wed 25th Jan 2006
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This guarantee tracks the retail price index (RPI) and will benefit those who invest their money for at least five years after which time they will receive at least what they paid in - plus inflation.
Mike Kirsch, commercial and marketing director at Norwich Union, said: "This is a great new feature that should appeal to customers because it allows them to benefit from potential growth in our with-profits fund while protecting the value of their initial investment."
Furthermore, Mr Kirsch said that the Norwich Union With-Profit Fund with the guarantee was a unique product as "no other provider offers a guarantee like this".
Customers who request their money back before the five-year period is up will have to pay early exit penalties.
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Related News : Aviva |
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