New Direction Finance (NDF) is targeting the pensions drawdown market, with the launch of a retireme...
New Direction Finance (NDF) is targeting the pensions drawdown market, with the launch of a retirement income and growth plan. The plan has a six year term and allows new and existing investors to draw an income from their pension fund, fixed at either 3%, 5% or 7%pa, depending upon an investor's circumstances. Investments into the plan are split and invested for both growth and income. The growth quotient gives investors 70% participation in the performance of the FTSE 100, while income is paid out on investments by Abbey National, which guarantees the product. Monies are invested ...
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