Norwich Union launches 38 new pension investment funds

Article date: 26 October 2007

  • Addition of 38 new funds available through pension products
  • Funds now available from six new external managers
  • Pilot of rapid fund launch capability for investment funds.

Norwich Union, the UK's largest insurer, is piloting a rapid fund launch capability to introduce an additional 38 new investment funds for new and existing pension customers.  

The new fund launch programme, to be introduced on 29 October, will increase the frequency that Norwich Union adds investment funds to its pension range, providing advisers with more investment fund choice for their clients.

As part of the fund launch external investment funds will, for the first time, be available from; Aegon, Artemis, Baillie Gifford, Invesco Perpetual, M&G and New Star. 

Iain Oliver, head of pensions at Norwich Union, said: "The ability to add more high quality funds to our pension products on a regular basis is key development. The launch of 38 new funds, using the pilot of our new capability is the first step in offering an increasingly wide choice of funds. 

"We have been in extensive dialogue with advisers and the new fund launch capability provides a fast and flexible way to introduce a rapidly evolving fund choice. We will be introducing funds on an ongoing basis to give advisers a great choice to match their clients' needs. 

James Pearson, head of fund propositions at Norwich Union, said: "Our selection of new funds is based on market feedback and uses a strict vetting and control process to bring greater diversity to the available fund range through pension products.

"The initial fund launch includes funds from eight external managers, underlining our commitment to provide exceptional fund choice and quality through Norwich union pensions."

-ends-

Press office contacts:                  
Robert Pell 01904 452659 Out of hours 07800 666563
Louise Soulsby 01904 452617 Out of hours 07800 699526

Notes to editors:

List of newly added funds to Norwich Union pension products

Fund

  

Risk rating

NU AEGON Global Bond

Medium

NU AEGON Sterling Corporate Bond

Medium to Low

NU Artemis Capital

Medium to High

NU Artemis European Growth

Medium to High

NU Artemis Global Growth

High

NU Artemis High Income

Medium

NU Artemis Income

Medium to High

NU Artemis New Enterprises

High

NU Baillie Gifford 60:40 Worldwide Equity

Medium to High

NU Baillie Gifford Managed

Medium to High

NU Baillie Gifford Overseas Equity

Medium to High

NU Invesco Perpetual Distribution

Medium

NU Invesco Perpetual High Income

Medium to High

NU Invesco Perpetual Income

Medium to High

NU Invesco Perpetual Latin America

High

NU Invesco Perpetual Monthly Income Plus

Medium to Low

NU Invesco Perpetual UK Aggressive

Medium to High

NU Jupiter China

High

NU Jupiter Emerging European Opportunities

High

NU Jupiter Income

Medium to High

NU M&G American

High

NU M&G Global Basics

High

NU M&G Global Leaders

High

NU M&G Recovery

Medium to High

NU New Star European Growth

Medium to High

NU New Star Fixed Interest

Medium to Low


Fund
  

Risk rating

NU New Star High Yield Bond

Medium to Low

NU New Star International Property

Medium to High

NU New Star Sterling Bond

Medium to Low

NU New Star UK Growth

Medium to High

NU SG Japan Core Alpha

High

NU Cautious Managed

Medium

NU European Property

Medium

NU Global Property

Medium to High

NU UK Equity Income

Medium to High

NU UK Focus

Medium to High

NU UK Growth and Value

Medium to High

NU UK Special Situations

Medium to High

About Norwich Union
Norwich Union is the UK's largest insurer. It is a leading provider of life, pensions and investment products and one of the largest financial adviser (FA) providers. FAs provide over 70% of the company's long-term savings business in the UK.

Norwich Union's news releases and a selection of images are available from Aviva's internet press centre at www.aviva.com/media.

Back to top