Norwich Union is to offer a 1.5 per cent first anniversary bonus on its Portfolio Bond and Bond 2000 from for all investments made from 30 September 2002.
Norwich Union is to offer a 1.5 per cent first anniversary bonus on its Portfolio Bond and Bond 2000 from for all investments made from 30 September 2002.
The 1.5 per cent guaranteed anniversary bonus will be paid on the first anniversary of the policy and is in addition to any guaranteed first anniversary rate already payable on Bond 2000.
The special offer bonus will be calculated by multiplying the selling value of the number of units remaining at the end of the previous business day prior to the anniversary, by 1.5 per cent. The bonus is paid by adding extra units to the bond.
As part of Norwich Union’s strategy to encourage the use of ecommerce, IFAs will also benefit from an additional 0.25 per cent commission for all business transacted online.
Neil Davies, head of investment propositions, said: “This special anniversary bonus demonstrates Norwich Union’s further commitment to continue as a leading player in the bond market. The new additional bonus gives customers even better value for money from a known and trusted brand”.
For more information on this special offer, please contact Norwich Union on 0845 9444800 visit the Norwich Union website at www.norwichunion.com
Press office contacts
James Evans, Norwich Union 08703 66 68 78
Out of hours 07790 487105
Louise Goffee, Norwich Union 08703 66 68 70
Out of hours 07810 057362
Ian Beggs, Norwich Union 08703 66 68 71
Out of hours 07790 487533
Notes to editors
- The bonus offer is available from 30 September and can be withdrawn or varied at Norwich Union’s discretion at any time.
- The effect of this bonus will be reduced by any applicable early exit charge and/or market value reduction and, in respect of the Portfolio Bond only, any limited administration charge.
- The Portfolio Bond and Bond 2000 are lump sum investment bonds with no fixed term. They are designed as long term investments and should not be viewed as short term commitments.
- The value of an investment can go down as well as up and is not guaranteed.
- Norwich Union is the UK’s largest insurer. It is the UK’s largest provider of life, pensions and investment products and one of the leading IFA providers. IFAs provide around 75% of the company’s long-term savings business.
- Norwich Union has strategic alliances with building societies and other leading UK brand names including Tesco Personal Finance and The Royal Bank of Scotland Group.
- Norwich Union’s news releases are available on the Aviva plc website at www.aviva.com
- A selection of images is available from the Norwich Union Newscast site at www.newscast.co.uk
- An ISDN facility is available for studio quality interviews. Call the press office on 08703 66 68 73
For all life & pensions media enquiries 08703 66 68 73
For all other media enquiries 08703 66 68 68