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Norwich Union to enter offshore market

Norwich Union is planning to enter the offshore market with a range of long term investment products.


The announcement comes after it was granted a licence by the Irish Development Authority to establish an international financial services company based in Dublin.


The life office is aiming to launch a range of products within the first quarter of next year.


NU&#39s managing director of international operations Tom Fraser says: &#34We are delighted to have been granted this licence. This will enable us to begin development of a range of savings and investment products in preparation for a full launch next year.&#34

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