View more on these topics

Norwich Union – Income Drawdown Plan

Norwich Union

Income Drawdown Plan

Type: Unsecured personal pension

Minimum investment: Lump sum £50,000

Minimum-maximum ages: 50 -73

Investment choice: 41 internally managed funds and 146 externally managed funds from 24 fund management groups

Income frequency: Monthly, quarterly, yearly or half yearly

Charges: Base charge 0.5% a year, fund-based commission charge up to 2% a year depending on IFA commission taken, initial commission charge up to 0.45% a year depending on commission taken, externally managed fund charges annual 0.1-1.9% depending on fund

Commission: Menu-based comprising initial commission up to 4% plus uplift, fund-based commission up to 2% or combination of both



Broker Talkback

Was the Bank of England wrong not to include specialist lenders in its £50bn rescue package for banks?

Inheritance tax – How to declare and who pays

By Kim Jarvis, Canada Life In this article we look at which forms personal representatives (PRs) need to complete and who actually pays the tax. To recap, under current rules, any part of the estate that falls within the available nil-rate band (NRB), currently £325,000, is taxed at zero. Anything in excess of the NRB is […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment