Duo launch whole-of-life bonds

charging and commission variety in recent mgm assurance and norwich union wrapper launches

MGM Assurance and Norwich Union International have both launched whole-of-life investment bonds, offering various charging and commission options. The MGM Investment Portfolio provides access to 15 multimanager funds. These cover markets and asset classes including equities, bonds, property, cash and a with-profits offering. Investors can switch funds at any time free of charge, although the group has reserved the right to introduce a fee at a later date. The exception to this is on switches out of the Bonus Growth fund, which may be subject to a market value reduction if one applies a...