Norwich Union is introducing trail commission on its Norwich Property Investment Fund.
Norwich Union is introducing trail commission on its Norwich Property Investment Fund. From 1 March 2007, the Norwich Property Investment Fund will pay fundbased renewal commission at a rate of 0.35% pa on all new business.
IFAs can buy this fund directly or via fund supermarkets and third party platforms and wraps, as well as Norwich Union’s wrap platform, Lifetime.
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Press office contacts:
Sarah Horner 01904 452828 Out of hours 07800 691569
Louise Soulsby 01904 452617 Out of hours 07800 699526
Notes to editors:
About the Norwich Property Investment Fund
The Norwich Property Investment Fund was launched in March 2003. It has been highly successful and has raised Ł330 million. The fund is managed by David Wise, who last year celebrated 20 years with the group and is part of the 100-plus strong team that manages over Ł26 billion of property assets.
Asset allocations for the Norwich Property Investment Fund are:
Asset Weightings (as at 31/01/2007)
Direct Property 86.4%
Property Bonds 3.7%
Cash 9.9%
Sector Holdings (direct property) (as at 31/01/2007)
Offices 47.1%
Industrial 18.7%
High Street Retail 18.7%
Retail Warehousing 15.5%
If you would like more details on the fund please call the dedicated support desk on 0800 0154773.
About Norwich Union
Norwich Union is the UK’s largest insurer. 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 is the UK’s largest general insurer with a market share of around 14%, with a focus on insurance for individuals and small businesses.
Norwich Union’s news releases and a selection of images are available from Aviva's internet press centre at www.aviva.com/media.