New Norwich Union Self Invested Personal Pension announced

www.moneynews.co.uk > Pensions > New Norwich Union Self Invested Personal Pension announced

New Norwich Union Self Invested Personal Pension announced

Tue 14th Feb 2006

The Norwich Union Self Invested Personal Pension (Sipp) has been introduced today and intends to grant access to a range of the insurer's funds and also to fund managers.

Customers will be offered a 'quick switch' facility allowing them to swiftly assess their opportunities for investment.

Financial advisers will also be given services through the scheme, including a risk profiling tool that will allow them to advise their clients more capably.

All current services on the product will be offered through Lifetime and from April 6th onwards access to commercial property funds will be offered through Suffolk Life.

Following consumer and adviser research into the pensions market, commercial and marketing director of Norwich Union Life Mike Kirsch said that the Norwich Union Self Invested Personal Pension was a "highly versatile and flexible Sipp product".

Norwich Union claims to be the UK's biggest insurer and one of the largest providers to financial advisers.

Related News : Pensions
	Over-55s don't believe in paying for care, reveals Aviva
	East Midlands comes top in pension contributions
	Corporate pensions provider issues advice for businesses
	One third of workers have no pension, claims Prudential
	More than a third of Brits fail to reassess pension risk, claim experts
	Women protest at No 10 over proposed pension reforms
	Retirement age 'to be brought forward by ten years'
	Interest rates held at 0.5 per cent by Bank of England
	Pension contributions fall in recession, ONS reveals
	Equity release for retirement 'might not suite every household'

Related News : Aviva
	Over-55s don't believe in paying for care, reveals Aviva
	Aviva reports substantial payouts for life insurance customers
	Aviva revamps People and Places insurance products
	Fixed-term retirement plan launched by Aviva
	Aviva uncovers pensions calculator 'contradiction'
	Aviva finds grandparents could be financially worse off due to babysitting
	Aviva retirement calculator research 'concerning'
	Planning is key to retirement calculator, says Aviva
	Retirement calculators users nervous, suggests Aviva
	Pensions calculator recommendation offered by Aviva