Norwich Union confirms that it will be announcing its with-profits regular bonus rates and payout values for existing policyholders on Tuesday 18 January 2005.
Norwich Union confirms that it will be announcing its with-profits regular bonus rates and payout values for existing policyholders on Tuesday 18 January 2005.
Norwich Union can also confirm that the regular bonus rates payable on new unitised with-profits policies in 2005 will be maintained at the following rates until further notice.
- Life and investment policies 4.25%
- Pension policies 4.00%
- Stakeholder pensions 3.50%
These are explicit charged policies, with the bonus rate being expressed as a gross rate before deduction of the 1% annual fund management charge.
Peter Hales, sales and marketing director of Norwich Union, said: "Through maintaining regular bonus rates for new unitised policies, combined with the current first year final bonus rate of 1.75% on life policies, we believe that our with-profit policies remain a good long-term investment for new investors looking for a balanced portfolio."
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Press office contacts:
James Evans 01904 452791 07800 699525
Louise Soulsby 01904 452617 07800 699526
Notes to Editors
- Future bonus rates are not guaranteed and may vary. Past performance is not a guide to the future.
- Norwich Union is the UK’s largest insurer. It is a leading 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 and a selection of images are available from Aviva's internet press centre at www.aviva.com/media