Choice of 16 funds for NU GPP launch

Norwich Union is to roll out a group personal pension product (GPP) with no initial charge or bid/offer spread and an annual management charge ranging between 0.5% and 1%. The product will offer a choice of 16 investment funds, including with-profits, UK growth, property and balanced managed with the annual management charge varying depending on the size of contributions. Norwich Union is being retained as the UK life and pensions brand for CGNU, the group created by the merger between Norwich Union and CGU. The GPP will also offer brokers the option have fund based commission of 0.2% w...