Norwich Union has enhanced its Retirement Solutions range of pre and post retirement products.
The Norwich Union Income Drawdown plan provides an income drawdown option for customers where the sophistication of a full SIPP is not needed. On-line account management and access to investment fund choice, including 73 additional funds, has also been added to the Norwich Union Personal Pension range. The firm’s Retirement Solutions range enables client funds to move between Personal Pension plans, Income Drawdown, SIPP and WRAP, maintaining any A-day tax free cash protection. Iain Oliver, head of pensions at Norwich Union, says: “SIPPs are a niche pension product designed primarily for...
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