Norwich Union is looking at plans to enter the structured product market by the summer, with the lau...
Norwich Union is looking at plans to enter the structured product market by the summer, with the launch of its own protected Isa. Although little detail is given at this stage about the actual details of the protection element carried on the product, NU says the protected Isa will be a five-year tranche-based Isa which fits into their the mini or maxi Isa options and offers either reinvestment or a fixed income which is paid monthly. Willie Mowatt, director of product development at Norwich Union, says it is entering the market worth £7bn each year because the concept of protected...
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