Norwich Union International, Aviva’s Dublin based offshore business, reports new business of €204.7 million for the first half of 2005. That’s an increase of 38% on the same period last year. Sales are split almost evenly between unit linked and with-profit business.
Norwich Union International, Aviva’s Dublin based offshore business, reports new business of €204.7 million for the first half of 2005. That’s an increase of 38% on the same period last year. Sales are split almost evenly between unit linked and with-profit business.
Paul Sherlin, marketing director, Norwich Union International, said: "We’re especially pleased with our new business figures as it means we’ve entered a third year of increasing business. This success signifies our strategy is working.
"We plan to continue adding value wherever we can, as this is where we can really make a competitive difference. We’ve already substantially improved our product offerings this year with the introduction of our new with-profit guarantee funds and more recently with our property special offer on the Core Funds Bond.
"With-Profits continues to prove popular with international investors and our Core Funds Bond sales are now well ahead of last year. We’d expect this trend to continue in the second half of the year on the back of our property special offer."
-ends-
For further information:
Norwich Union International Mike Gogan 00 353 1 802 8415
Financial Dynamics Christine Wood 020 7269 7253
About the Norwich UK Property Fund Special Offer
- While the special offer is in force, all new investments into the Norwich UK Property Fund will benefit from a 0.25% reduction in management charge for the lifetime of the policy.
- This offer is available from outset only, through new investment in the Norwich Union International Core Funds Bond and may be altered or withdrawn at any time without notice.
Benefits of 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.
Notes to editors
- 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.
- Norwich Union’s news releases and a selection of images are available from Aviva's internet press centre at www.aviva.com/media