To celebrate the launch of the new Norwich Union brand (incorporating CGU) in the UK market, Norwich Union International (NUIL) are offering an extra 1% allocation on all NUIL offshore investment bonds.
To celebrate the launch of the new Norwich Union brand (incorporating CGU) in the UK market, Norwich Union International (NUIL) are offering an extra 1% allocation on all NUIL offshore investment bonds. This special offer will run from 2 October until 31 December 2000.
The extra 1% allocation will be available on the Norwich International Portfolio Bond and the Norwich International Investment Bond. The NUIL bond range provides investors with access to a diverse choice of international funds including 17 managed by Norwich Union's investment managers and over 50 more managed by 15 of the world's leading investment managers. This also includes the recent addition of the Norwich Deutsche All-Weather Equity Fund, which was launched in July.
We are offering 1% extra allocation on the Norwich International Portfolio Bond and on the Norwich International Investment Bond the extra allocation rates are as follows:
| Amount of Total Investment | Allocation Rate | |
| GBP10,000 - GBP24,999 | 101% | |
| GBP25,000 - GBP49,999 | 102% | |
| GBP50,000 - GBP99,999 | 103% | |
| GBP100,000 - GBP149,999 | 103.5% | |
| GBP150,000 - GBP249,999 | 104% | |
| GBP250,000 + | 104.5% |
In addition to this current special offer, customers will also benefit from the many other features of NUIL's investment bonds - free fund switching, regular withdrawal facility, trust and tax planning as well as secure Internet access to online valuations, research and information.
Jon Herbert, chief executive officer of Norwich Union International, said: "Since launching in March there has been a steadily increasing demand for our international investment bonds. More and more investors are seeking the tax advantages available from offshore investments. IFAs will clearly play a crucial role in maximising the opportunities in this market and we believe the extra 1% allocation will certainly help them achieve full potential."
Norwich Union International, CGNU's international offshore investment operation, is based in Dublin's IFSC and was launched very successfully in March this year.
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Notes to editor:
The Norwich International Portfolio Bond - gives access to a diverse range of international funds including 20 managed by Norwich Union Investment Management and over 50 more managed by 15 of the world's leading investment managers. The managers have been selected by NUIL after being independently assessed by the research agency Standard & Poor' s Fund Services and include Credit Suisse, Fidelity, Henderson, INVESCO, Mercury, Perpetual and Schroders.
The Norwich International Investment Bond - offers investors access to 17 international investment funds managed by Norwich Union Investment Management, plus 3 currency funds.