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NU launches five-year guarantee on with-profits

Norwich Union is to introduce a five-year money back guarantee on all new with-profits fund investments in its portfolio investment bond.

The change means policyholders are guaranteed their original investment back on the policy&#39s fifth anniversary, regardless of whether markets go up or down and applies to investments made up until the end of the year.

It is also applicable to offshore with-profits investments in the NU international core fund bond and international with-profits bond. An extra 1.5 per cent allocation rate is also being continued on all new investments in the portfolio bond.

NU head of investment product development Neil Davies says: “We are further improving our with-profits bond offering with a guarantee to return investors&#39 money after five years regardless of what happens to the stock market. We understand that capital security is a concern for some investors and we believe this new guarantee will provide them the reassurance they need.”

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