Norwich Union has added 18 funds to its personal and group pensions. New and existing customers will be able to invest in a larger number of funds from Barclays Global Investor (BGI), Gartmore, Schroders, Investec, Jupiter and Norwich Union.
Norwich Union has added 18 funds to its personal and group pensions. New and existing customers will be able to invest in a larger number of funds from Barclays Global Investor (BGI), Gartmore, Schroders, Investec, Jupiter and Norwich Union.
Iain Oliver, head of pensions at Norwich Union, said: "Adding these funds shows our continued commitment to expand the investment opportunities for customers. We are especially excited by the addition of the Norwich Union's Manager of Managers funds, which have performed well since they launched in 2005*.
"The addition of a range of passive funds from BGI at no extra cost will be of significant value to trustees and employees looking for inexpensive access to particular investment sectors.
"These two contrasting investment options illustrate the strength and breadth of our investment proposition."
-ends-
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Notes to editors:
- The new funds became available on 15 May
- The 18 new funds include:
Fund name- NU BGI UK Equity Index Tracker
- NU BGI US Equity Index Tracker
- NU BGI European Equity Index Tracker
- NU BGI Japanese Equity Index Tracker
- NU BGI Pacific Rim Equity Index Tracker
- NU BGI 50:50 Global Equity Index Tracker
- NU BGI Over 15 Years Gilt Index Tracker
- NU BGI Corporate Bond Index Tracker
- NU Balanced Manager of Managers
- NU Cautious Manager of Managers
- NU Growth Manager of Managers
- NU Income Manager of Managers
- NU Gartmore Cautious Manager
- NU Schroders Tokyo
- NU Investec Global Free Enterprise
- NU Jupiter Financial Opportunities
- NU Jupiter Undervalued Assets
The products affected will include:
- Group Personal Pensions
- Designer Group Personal Pensions (excluding Isle of Man and Stakeholder)
- Personal Pension
- Your Pension Select (post 13 December 2004)
- Occupational Defined Contribution schemes
- Millennium Series (VMPP,VGAVC, DSCR & TIP)
| % Growth TR UKN GBP 11M 31/05/2005 To 28/04/2006 | |||
|---|---|---|---|
| Name | ABI UK Life Fund | Value | Qtl |
| Norwich Union Balanced Manager of Managers S4-Life | Balanced Managed-Life | 21.69 | 1 |
| Norwich Union Income Manager of Managers S4-Life | Balanced Managed-Life | 19.63 | 2 |
| ABI UK Life Fund - Balanced Managed-Life | Balanced Managed-Life | 19.61 | |
| Norwich Union Cautious Manager of Manager S4-Life | Cautious Managed-Life | 14.76 | 1 |
| ABI UK Life Fund - Cautious Managed-Life | Cautious Managed-Life | 11.39 | |
| Norwich Union Growth Manager of Managers S4-Life | Stockmarket Managed-Life | 25.44 | 1 |
| ABI UK Life Fund – Stock market Managed-Life | Stockmarket Managed-Life | 24.22 | |
| Total Average (764) | 18.35 |
* Produced using Hindsight Š REUTERS Limited by CGNU Life Assurance Limited. May 2005
Past performance should not be seen as an indication of future performance.
Norwich Union
Norwich Union is the largest insurance services provider in the UK. It is a leading provider of life, pensions and investment products and one of the largest Financial Adviser (FA) providers. FAs provide over 70% of the company's long-term savings business in the UK.
Norwich Union has strategic alliances with building societies and other leading UK brand names including CIS 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