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National Mutual improves single contribution contract

National Mutual has improved its single contribution contract to co-incide with the end of the tax year.


It has removed the £50 charge installation charge for contributions over £5000.


Single contributors of over £100,000 or more will now be allocated at 99 per cent up from 98.5 per cent, assuming maximum initial commission is taken.


Both improvements apply to personal pensions, group personal pensions, personal pension transfers, section 32 transfers, free-standing AVCs, and drawdown transfers.

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