Norwich Union adds 18 funds to pension range

Article date: 24 May 2006

Norwich Union has added 18 funds to its personal and grouppensions. New and existing customers will be able to invest in alarger number of funds from Barclays Global Investor (BGI),Gartmore, Schroders, Investec, Jupiter and Norwich Union.

Iain Oliver, head of pensions at Norwich Union, said: "Addingthese funds shows our continued commitment to expand the investmentopportunities for customers. We are especially excited by theaddition of the Norwich Union's Manager of Managers funds, whichhave performed well since they launched in 2005*.

"The addition of a range of passive funds from BGI at no extracost will be of significant value to trustees and employees lookingfor inexpensive access to particular investment sectors.

"These two contrasting investment options illustrate thestrength and breadth of our investment proposition."

-ends-

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Notes to editors:

  • The new funds became available on 15 May
  • The 18 new funds include:

    Fund name
    • NU BGI UK Equity Index Tracker
    • NU BGI US Equity Index Tracker
    • NU BGI European Equity Index Tracker
    • NU BGI Japanese Equity Index Tracker
    • NU BGI Pacific Rim Equity Index Tracker
    • NU BGI 50:50 Global Equity Index Tracker
    • NU BGI Over 15 Years Gilt Index Tracker
    • NU BGI Corporate Bond Index Tracker
    • NU Balanced Manager of Managers
    • NU Cautious Manager of Managers
    • NU Growth Manager of Managers
    • NU Income Manager of Managers
    • NU Gartmore Cautious Manager
    • NU Schroders Tokyo
    • NU Investec Global Free Enterprise
    • NU Jupiter Financial Opportunities
    • NU Jupiter Undervalued Assets

The products affected will include:

  • Group Personal Pensions
    • Designer Group Personal Pensions (excluding Isle of Man andStakeholder)
  • Personal Pension
    • Your Pension Select (post 13 December 2004)
  • Occupational Defined Contribution schemes
    • Millennium Series (VMPP,VGAVC, DSCR & TIP)
  % Growth
TR UKN GBP
11M 31/05/2005
To 28/04/2006
 
NameABI UK Life FundValueQtl
Norwich Union Balanced Managerof Managers S4-LifeBalanced Managed-Life21.691
Norwich Union Income Manager ofManagers S4-LifeBalanced Managed-Life19.632
ABI UK Life Fund - BalancedManaged-LifeBalanced Managed-Life19.61
Norwich Union Cautious Managerof Manager S4-LifeCautious Managed-Life14.761
ABI UK Life Fund - CautiousManaged-LifeCautious Managed-Life11.39
Norwich Union Growth Manager ofManagers S4-LifeStockmarket Managed-Life25.441
ABI UK Life Fund – Stockmarket Managed-LifeStockmarket Managed-Life24.22
Total Average (764)18.35

* Produced using Hindsight © REUTERS Limited by CGNU LifeAssurance Limited. May 2005
Past performance should not be seen as an indication of futureperformance.

Norwich Union
Norwich Union is the largestinsurance services provider in the UK. It is a leading provider oflife, pensions and investment products and one of the largestFinancial Adviser (FA) providers. FAs provide over 70% of thecompany's long-term savings business in the UK.

Norwich Union has strategic alliances with building societiesand other leading UK brand names including CIS and The Royal Bankof Scotland Group. Norwich Union's news releases and a selection ofimages are available from Aviva's internet press centre at www.aviva.com/media

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