NU with-profits promise to repay assets at 5th birthday

Following the success of NU’s guarantee on the existing with-profits fund – which allows withdrawals on the 10th anniversary – Norwich Union says it will launch a new fund on February 7th which allows the investor to receive all of their original capital if they hold the funds for the full five years then move it all on or within two weeks after the fifth anniversary. Keith Simm, NU’s investment marketing manager, says commission paid by the client towards the portfolio bond investment will be repaid at the five year date if the client chooses to withdraw investment on the five–year birt...