NU's fund to replace five-year guarantee offer

Norwich Union is to launch a with-profit guarantee fund to replace the five-year guarantee offer cu...

Norwich Union is to launch a with-profit guarantee fund to replace the five-year guarantee offer currently available on its mainstream with-profits vehicle. To launch on 7 February, the day after the offer ends, the fund will be available via the group's Portfolio investment bond and guarantees to return a customer's original investment on the policy's fifth anniversary regardless of investment conditions. To qualify for the guarantee, investors must hold their investment in the fund for five years and then move the whole sum out of the fund on or within two weeks after the fifth annive...