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Norwich Union launches high yield bond fund

Norwich Union is launching a high yield corporate bond fund with an estimated yield of 8 per cent.


The Higher Income Plus Fund is set to meet Government Cat standards with no initial charge and only a 1 per cent annual management fee.


The minimum investment is £50 a month for regular savers or £500 for lump sums.


Initial IFA commission is 3 per cent with 0.15 per cent renewal.


Norwich Union Investment Funds director of sales and marketing Mark Skinner says: &#34This launch of our ninth Cat standard fund is proof that the fund management industry can offer the investor absolute value for money by avoiding high charges, which can be particularly damaging in a low inflationary environment.&#34

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Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.

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