Norwich Union International Limited, Norwich Union’s offshore company, has added two new funds to its With- Profit Bond.
Norwich Union International Limited, Norwich Union’s offshore company, has added two new funds to its With-Profit Bond.
In addition to a Sterling fund, the Norwich Union International With- Profit Bond now has Euro and Dollar funds. The funds’ bonus rates are currently some of the most competitive in the marketplace.
The three with-profit funds have regular bonus rates* and minimum premiums of:
Norwich Sterling With-Profit Fund 4.00%
(Minimum premium: Ł10,000)
Norwich Euro With-Profit Fund 3.75%
(Minimum premium: €15,000)
Norwich Dollar With-Profit Fund 3.75%
(Minimum premium: $15,000)
Where the Sterling fund invests predominantly in Sterling denominated assets, the Euro and Dollar funds will invest predominantly in Euro and Dollar denominated assets respectively.
Each fund will be reinsured into Norwich Union’s With-Profit Fund, thereby benefiting from its financial strength, market leading transparency and expert management.
Commenting on the launch, Paul Sherlin, Marketing Director at Norwich Union International, said: “We’ve received strong demand from IFAs to launch these additional funds. The vast majority of the offshore business is written in the Channel Islands and Isle of Man where investments are not necessarily in Sterling alone. These new funds present a great new business opportunity for IFAs to target Euro and Dollar investors."
The Norwich Union International With-Profit Bond enhances the range of with-profit bonds offered by Norwich Union, which manages almost Ł50 billion in with-profit funds alone.
* Future bonus rates are not guaranteed and may vary. The value of your investment can go down as well as up and is guaranteed.
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For further information:
Norwich Union International
Mike Gogan 00 353 1 802 8415
Financial Dynamics
Christine Wood 020 7269 7253