Article date: 30 January 2006
Norwich Union has launched a new open architecture offshoreinvestment bond that gives investors access to thousands of fundsfrom the world’s leading investment managers. It can also beused to reduce liabilities to Inheritance Tax when written undertrust.
Premier Portfolio has been designed by Norwich UnionInternational, Norwich Union’s Dublin-based offshoresubsidiary. The new bond launches with more than 1,500 fundspre-approved by Norwich Union International, many of which areavailable at no initial charge.
But the choice does not stop there. Virtually any investmentfund that the investor or their adviser wants can be added to thebond. Norwich Union International will vet and approve all funds toensure tax efficiency and company requirements are met.
Premier Portfolio is available to new business from 31 January2006. It will be available to sterling, euro and dollar investorsand has a choice of charging structures.
Norwich Union International has also designed a new InheritanceTax Planning solution. The Estate Protection Plan combines PremierPortfolio with a new trust, the Estate Protection Trust, and can beused to reduce a potential Inheritance Tax liability, whileenabling investors to benefit from specified amounts of money atcertain points in the future.
Clive Witter, chief executive of Norwich Union International,said: “The launch of Premier Portfolio opens a new market forus. We recognise that many of today’s investors need a widechoice of funds when it comes to making investment decisions. Sowe’re delighted to have answered the needs of investors andtheir advisers, by giving them a product which offers almost anyfund they want.”
Press office contacts:
David Gwyer 01904 452828 Out of hours 07800 699508
James Evans 01904 452791 Out of hours 07790 487105
Notes to editors
About Premier Portfolio
- The minimum amount for an investment in Premier Portfolio is£50,000/ €75,000/ $75,000. Premier Portfolio is designed tobe a medium to long-term investment and should not be viewed as ashort-term commitment.
- Norwich Union is one of the biggest insurers. It is a leadingprovider of life, pensions and investment products and one of thelargest Financial Adviser (FA) providers.
- Norwich Union’s news releases and a selection of imagesare available from Aviva's internet press centre at www.aviva.com/media