Guarantee on NU Isa funds

Norwich Union is to offer a year-long performance guarantee on four of its Cat-standard Isa funds. ...

Norwich Union is to offer a year-long performance guarantee on four of its Cat-standard Isa funds. Norwich Union has promised to make a payment into the fund equivalent to its annual management charge, currently 1% for active portfolios, if any of the funds do not achieve better-than-average returns against their peer group. The guarantee applies to Norwich Union's UK Growth, UK Index Tracking, European Equity and Higher Income Plus funds and is available to Isa, Pep and direct investors, via lump sum investment or regular savings. The offer starts on 1 April and ends on 31 March 2001....