Norwich Union is to launch a distribution fund to be available via a lump-sum investment bond that w...
Norwich Union is to launch a distribution fund to be available via a lump-sum investment bond that will replace its existing Portfolio Bond and Bond 2000 products. The Balanced Distribution fund is invested 40% in UK corporate bonds, 40% in UK equity income and 20% in a high income property unit trust. The new investment bond, also to be called Portfolio, is to be launched on 7 July and will offer access to 31 internal funds and 52 external funds drawn from 12 other providers, as well as explicitly-charged with-profits and a Guaranteed fund with a money-back guarantee on the fifth ann...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes