Norwich Union is launching special offer terms on its Portfolio Bond, FlexiBond and Bond 2000 with effect from 23 July 2001.
Norwich Union is launching special offer terms on its Portfolio Bond, FlexiBond and Bond 2000 with effect from 23 July 2001.
Investments of Ł10,000 and over in the Portfolio Bond and FlexiBond will receive an increased unit allocation rate whilst investments of between Ł10,000 and Ł50,000 in Bond 2000 will receive an increased guaranteed anniversary bonus.
| PORTFOLIO BOND | |||
| Percentage of investment used to buy units | |||
| Investment | Standard terms | Special offer terms | Change |
| Ł10,000 | 101.50 % | 102.75 % | + 1.25 % |
| Ł25,000 | 102.00 % | 103.00 % | + 1.00 % |
| Ł50,000 | 102.25 % | 104.00 % | + 1.75 % |
| Ł100,000 + | 102.50 % | 104.00 % | + 1.50 % |
| FLEXIBOND | |||
| Percentage of investment used to buy units | |||
| Investment | Standard terms | Special offer terms | Change |
| Ł10,000 | 103.50 % | 104.75 % | + 1.25 % |
| Ł25,000 | 104.00 % | 104.75 % | + 0.75 % |
| Ł50,000 | 104.75 % | 105.75 % | + 1.00 % |
| Ł100,000 + | 105.50 % | 105.75 % | + 0.25 % |
| BOND 2000 | |||
| Guaranteed anniversary bonus | |||
| Investment | Standard terms | Special offer terms | Change |
| Ł10,000 | 2.00 % | 2.25 % | + 0.25 % |
| Ł25,000- Ł49,9999 | 2.10 % | 2.65 % | + 0.55 % |
Commenting on the special offer terms, Julie Chong head of investment propositions at Norwich Union, said: “The increased allocation rates on FlexiBond and Portfolio Bond and the increased guaranteed anniversary bonus on Bond 2000 make our bond propositions even more competitive. Combine this with the recent addition of SRI funds to these bonds and it makes an even more compelling proposition for investors.
"Combine this with the recent addition of SRI funds to these bonds and it makes an even more compelling proposition for investors"
-Ends-
Notes to editors:
- The special offer may be withdrawn or varied at Norwich Union’s discretion at any time.
- The Portfolio Bond, FlexiBond and Bond 2000 are lump sum investment bonds with no fixed term.
- The value of an investment can go down as well as up and is not guaranteed.
- Full written details are available on request.
- The guaranteed anniversary bonus may be reduced by any market value reduction or early exit charge.
- CGU plc and Norwich Union plc merged on 30 May 2000 to create CGNU plc, the UK’s largest insurance group and one of the top-five insurers in Europe with substantial positions in other markets around the world, making it the world’s sixth largest insurer based on gross worldwide premiums.
- CGNU's principal business activities are long-term savings, fund management and general insurance, with worldwide premium income and retail investment sales from ongoing business of over Ł27 billion and assets under management of more than Ł210 billion.
- From October 2000, the combined life and pensions, general insurance and retail fund management businesses in the UK operate under the Norwich Union brand, while the institutional investment business operates under the Morley Fund Management brand.
- Norwich Union's news releases are available on this website.
Press office contacts:
| Out of hours | ||
| James Evans | 08703 66 68 78 | 07790 487105 |
| Louise Goffee | 08703 66 68 70 | 07747 764342 |