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NPI adds to drawdown range

NPI is adding two new product options to its income drawdown range available this week.

The first option has an allocation rate of 100 per cent with an installation fee of 0.25 per cent for the first two years and a loyalty bonus of 0.5 per cent of the fund value after year six.

The second product has no commission or installation fee, a 100 per cent allocation rate plus an annual management charge of 0.75 per cent, with a minimum premium of £150,000.

Support for IFAs will be available over the phone from NPI&#39s technical advisory service and from an internet site early next year.

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