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NU extends its &#396 per cent promise&#39

Norwich Union is extending the 6 per cent promise introduced by CGU in January 2000 to all its with-profit mortgage endowment policyholders.

This means Norwich Union will top up final bonuses at maturity where there is any shortfall between the claim value and the value of the mortgage originally targeted provided investment earnings average 6 per cent a year after tax.

Norwich Union Life chief actuary Mike Urmston says: “The extension of the mortgage promise brings welcome reassurance to all Norwich Union with-profits mortgage endowment customers at a time of falling returns.”

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