View more on these topics

CGNU and NU to merge funds

Norwich Union Investment Funds is to merge the existing CGU and NU fund ranges in May, following its acquisition by CGU earlier this year.

The measure will see the merged investment house’s 48 funds reduced to 22, with three funds being disbanded. The Norwich US smaller companies fund will close on January 31 2001, while the CGU PPT Long Gilt Portfolio and Norwich Master Trust funds will close on February 28.

The remaining CGU funds all currently hold unit trust status, but will be converted into OEICs in May.

Recommended

The Independent view

The 11th of this month was the big four-zero for me. Unfortunately, not my birthday but the 40th anniversary of the occasion on which I walked through the door of an office in Bournemouth to start full-time employment.I was to learn two things very quickly – why it was important that administration was kept accurate […]

Move to Dublin escapes review

Eurolife has launched a new income or growth plan which bypasses an Inland Revenue review of high-income bond taxation by using a Dublin-based company.The Eurolife income or growth plan offers 10 per cent income or 30.25 per cent growth tax-free for Isa and Pep investors. Basic-rate taxpayers buying direct investments receive 9 per cent net […]

Knee-jerk surrenders bring calls for cooling-off period

IFAs are calling for the FSA to impose a cooling-off period on endowment surrenders to protect policyholders from needlessly cashing in their plans.Advisers fear many of their clients have been panicked into surrendering policies after receiving letters saying they could be facing shortfalls on their mortgage endowments.They have slammed the FSA for whipping up an […]

Norwich Union to become global fund manager

Norwich Union Investment Funds is to set up a new range of fund management offices across the globe. The changes come as part of its restructure after it was bought out by CGU earlier this year, and will see fund managers based in three different continents. The Japanese fund will be managed from Tokyo, the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com