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NU back with plan pledging 20% return over six years

Norwich Union is offering a second tranche of its guaranteed growth plan featuring a minimum return of 20 per cent.

The plan has been designed to provide a return of 20 per cent after six years, regardless of what happens in the FTSE 100. Alternatively, it will return 60 per cent of the growth of the FTSE 100 – averaged over the last six months of the plan – whichever is higher.

The plan is a six-year single-premium product and will be available for six weeks from 1 November. It can be held as a direct investment or held in an Isa, or as a Pep transfer with a minimum investment is £3,000.

Head of investment product development Neil Davies says: “The plan has been very popular with customers because if the plan is held for its full term they will see their money grow whatever happens to the FTSE 100. They like the idea of the minimum return if the stockmarket falls and the possibility of an even better return if the stockmarket does well.”


Fund firms urged to adopt active lifestyle

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Work on longer and die earlier

Figures showing that for each year worked after 55, workers lose two years of their possible lifespan will give the Government an uphill task to convince people to work longer. Data from the Boeing US pension scheme reveals workers who retired at 55 lived on average until 83. The reduction in lifespan for those who […]

First State compelled by China

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Legal threat to FSA over Network 300

Group 300 chief executive Chris Batten says the firm could bring a case against the FSA over its treatment of collapsed IFA network Network 300. Network 300 was placed into administration when the FSA removed its authorisation, blaming insufficient resources. Batten says the FSA would not allow £1.2m spent on developing new technology to be […]


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