Norwich Union International, Aviva’s Dublin based offshore business, is reducing the charges on the Norwich UK Property Fund.
Norwich Union International, Aviva’s Dublin based offshore business, is reducing the charges on the Norwich UK Property Fund.
While the offer is in force, all new investments into the fund from 30 May 2005 will benefit from a 0.25% reduction in management charge for the lifetime of the policy.
This offer is available on a special edition of the fund from outset only, through new investment in the Norwich Union International Core Funds Bond, so units cannot be switched into the fund after the start date of the bond.
The International Core Funds Bond is available on a life or capital redemption basis. The management charge on the life version will be reduced to 1.25% pa and to 1.5% pa on the capital redemption version.
Clive Witter, managing director, Norwich Union International, said: "With Property currently offering good returns, it’s a popular choice with financial advisers and investors alike. This new special offer makes property an even more attractive proposition. We hope advisers continue to recommend the Norwich UK Property Fund as an ideal compliment to any portfolio."
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For further information:
Norwich Union International Mike Gogan 00 353 1 802 8415
Financial Dynamics Christine Wood 020 7269 7253
Notes to editors:
- The Norwich UK Property Special Offer Fund will form part of a new series of funds that Norwich Union International will launch on 30 May.
- The special offer does not apply to existing units in the Norwich UK Property Fund, units switched in from other funds or investment in the Norwich European Property or Norwich Morgan Stanley US Property Funds.
- The offer may be altered or withdrawn for new business at any time without notice.
About the Norwich UK Property Fund
- Access to a strong award-winning fund management team with a wealth of experience and proven skills.
- Property Fund Manager of the Year, Property Week Awards 2004
- Property Manager of the Year, UK Pensions Awards 2005 - Access to the benefits of direct property investment without the obvious hurdles of day-to-day management.
- Exposure to a range of commercial properties.
- Risk is spread by investing in a range of geographical areas within the UK and a variety of sectors in commercial property, e.g. high street shops, offices and retail warehouses.
Norwich Union is the UK's largest insurer and one of the leading providers of life and pensions products in Europe.
Norwich Union’s news releases and a selection of images are available from Aviva's internet press centre at www.aviva.com/media
Norwich Union International Limited is regulated by the Irish Financial Services Regulatory Authority
Approved by Norwich Union Life & Pensions Limited
Registered Office 2 Rougier Street York YO90 1UU United Kingdom Registered No. 3253947 England
Norwich Union Life & Pensions Limited is authorised and regulated by the Financial Services Authority
The Financial Services Authority rules and regulations are made under the Financial Services and Markets Act 2000.
Holders of Norwich Union International Limited bonds will not be protected by the Financial Services Compensation Scheme if the company should become unable to meet its liabilities.
Norwich Union International Limited 6 Georges Dock International Financial Services Centre Dublin1 Republic of Ireland Registered No. 303257
Telephone + 353 1 802 8494
Fax + 353 1 802 8400
www.nuinternational.com