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NU funds to pay 5 per cent commission

Norwich Union is to offer IFAs 5 per cent flat initial commission for all single-premium investments in four funds. NU will offer the commission for investments in the Norwich active protector fund, Norwich UK ethical fund, Norwich distribution fund, and Norwich managed high-income fund. The offer will apply to Oeic, Isa and Isa transfer business from February 28 to July 1.

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PFS says pro bono pilot is working but criticises CAB

The Personal Finance Society says its generic advice pilot scheme is working and has blamed difficulties on the Citizen’s Advice Bureaux. Director of public affairs John Ellis says the PFS has thrown its weight behind the scheme but stands by claims that getting advisers to do pro bono work has been a problem. He says […]

Life cover for life

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