Non-stakeholder launch from NU

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Norwich Union will launch a non-stakeholder pension product next year with a charging structure to ...

Norwich Union will launch a non-stakeholder pension product next year with a charging structure to enable the provision of commission for intermediaries. The company said it will offer a wider range of funds within the new pensions wrapper than those currently available under its existing stakeholder offering. The group's With-Profit, Balanced Managed, Sustainable Future, UK Index Tracking, Retirement Protection and Deposit funds are currently available for investment in a stakeholder. While it plans to continue to offer its stakeholder products, Norwich Union is reducing the levels of c...

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