Article date: 18 February 2008
Norwich Union is making green ISAs a central part of its 2008 ISA campaign. It is offering a 2% discount on initial charges for lump sum and regular premium investments on the Norwich UK ethical fund and six Sustainable Future funds
The offer lasts until 30 May 2008 and will be supported by a national and trade press advertising campaign. It will apply also to other Norwich Union ISA funds*.
For more information advisers can log on to: www.nuinvest.co.uk/isa. Customers can receive more information on the Norwich Union green ISA season from www.norwichunion.com/green-isa/index.htm (link is no longer active).
Norwich Union offers investors access to the widest range of socially responsible investment funds in the UK. The Norwich UK Ethical Fund is complemented by six Sustainable Future Funds, all of which were launched nearly seven years ago. The funds are managed by Morley Fund Management, an Aviva company.
James Dalby, collective investments fund development manager, said: "ISA season is the time when people sit down and look at their investments, and I believe it is a good year to promote green ISAs. When asked more than two thirds of investors say they are interested in sustainable and responsible investment but these funds represent less than 2% of the UK retail investment market.
"Norwich Union has one of the largest range of socially responsible investment funds and key investment themes include climate change and energy, quality of life, sustainable consumption, governance and risk management.
"Our socially responsible investment managers believe that companies that take account of these issues are likely to be more profitable and that growing consumer awareness will lead to growth in the market."
Press office contacts:
David Gwyer 07800 693187
Notes to editors:
*Offer does not apply to Norwich Union's tracker, European property, cash and stakeholder funds. Individual arrangement may apply with some distributors.
Typically the charge for setting up an investment varies between 4% and 5%. Total annual fund charges will vary between 1.03% and 1.58%. The value of your investment and any income from it can go down as well as up and is not guaranteed. You may not get back what you have put in.
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 is the UK's largest general insurer with a market share of around 14%, with a focus on insurance for individuals and small businesses.
Norwich Union's news releases and a selection of images are available from Aviva's internet press centre at www.aviva.com/media
Morley is the UK-based asset management business of Aviva plc. Firms within the Morley group of companies manage £164bn (€223bn) from offices around the world as at 31 December 2007.
Morley manages both institutional and retail funds. It also acts as investment manager for a range of retail investment funds, marketed in the UK under the Norwich Union brand and in Europe under the Morley name.
The property team manages in excess of £31bn (€43bn) of UK and European property assets.