Norwich Union investments exrends with-profit deadline

Money News

www.moneynews.co.uk > Insurance > Norwich Union investments exrends with-profit deadline

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Norwich Union investments exrends with-profit deadline

Demand from both savers and financial advisors has seen Norwich Union extend the availability of its new with-profit investment funds.

The bond is part of Norwich Union's Portfolio rage of savings products.

When first brought into force, Norwich Union decided to close the funds to new investments on December 31, however the demand for them is such that savers can now sign up to the product until February 6, 2005.

Deadlines for offshore with-profits investments in the Norwich Union International core funds bond and Norwich Union International with-profit bond have also been extended.

The funds guarantees a policyholder's original investment on the fifth anniversary of taking out the investment.

"Many of our customers still have a cautious attitude to risk and, while they like the idea of having some exposure to the stock market, capital security is a concern. We believe this guarantee will provide them with the reassurance they need," said Neil Davies, head of investment at Norwich Union.

Investors in the funds can choose between 31 internal funds and 51 external funds, managed by 12 industry-renowned fund managers including Invesco Perpetual, Merrill Lynch, Schroders and Threadneedle.

The minimum investment in Norwich Union's Portfolio range is £5,000 and investors can choose to put their money in with-profit, equity, bond, property, distribution, and cash funds.

Related News : Insurance

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Related News : Aviva

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet