In the March edition of International Investment we indicated that Norwich Union International (NUI)...
In the March edition of International Investment we indicated that Norwich Union International (NUI) had scrapped plans to launch a capital redemption bond for corporate investors on the back of a tax threat. This was not accurate as NUI never intended to launch a new product. However, the firm has stopped promoting its existing capital redemption bond for corporate clients until it has a clearer view on the matter from the UK's tax authority.
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