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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



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