NU with-profit returns halve

Investments in the CGNU and CULAC with-profit funds fell 5.4% before tax down from 11.9% in 2006 and 17.7% in 2005 as a result of increased market volatility. However, UK equities remained the most popular asset class in 2007, despite the fund reducing its exposure from 43.2% in 2006. International shares come second at 17.8%, up from 9.8% in 2006, followed by property at 18.4% compared to 21% in 2006. David Barral, marketing director at Norwich Union, says: “The past year has been a rough ride in the markets for investors but it has been one that again has demonstrated the value of w...