CGNU is rationalising its retail investment fund range, following the merger of Norwich Union and CG...
CGNU is rationalising its retail investment fund range, following the merger of Norwich Union and CGU, reducing its range from 47 funds down to 30, says Ruth Alexander in Investment Week. The group is rolling in 17 unit trusts which are under the CGU PPT banner into the existing Norwich Union Oeic. It is also moving 10 GA unit trusts into the Oeic at the same time. In many cases, either the initial or annual management fees will be reduced. In no case will fund charges be increased. Many of the Norwich Union Oeic subfunds have a 0% or a 4% initial charge. The initial charge on PPT...
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