Article date: 22 February 2007
Norwich Union is introducing trail commission onits Norwich Property Investment Fund. From 1 March 2007, theNorwich Property Investment Fund will pay fundbased renewalcommission at a rate of 0.35% pa on all new business.
IFAs can buy this fund directly or via fund supermarkets and thirdparty platforms and wraps, as well as Norwich Union’s wrapplatform, Lifetime.
Press office contacts:
Sarah Horner 01904 452828 Out ofhours 07800 691569
Louise Soulsby 01904 452617 Out of hours 07800 699526
Notes to editors:
About the Norwich Property Investment Fund
The NorwichProperty Investment Fund was launched in March 2003. It has beenhighly successful and has raised £330 million. The fund is managedby David Wise, who last year celebrated 20 years with the group andis part of the 100-plus strong team that manages over £26 billionof property assets.
Asset allocations for the Norwich Property Investment Fundare:
Asset Weightings (as at 31/01/2007)
Direct Property 86.4%
Property Bonds 3.7%
Sector Holdings (direct property) (as at 31/01/2007)
High Street Retail 18.7%
Retail Warehousing 15.5%
If you would like more details on the fund please call thededicated support desk on 0800 0154773.
About Norwich Union
Norwich Union is the UK’slargest insurer. It is a leading provider of life, pensions andinvestment products and one of the largest financial adviser (FA)providers. FAs provide over 70% of the company's long-term savingsbusiness in the UK.
Norwich Union is the UK’s largest general insurer with amarket share of around 14%, with a focus on insurance forindividuals and small businesses.
Norwich Union’s news releases and a selection of images areavailable from Aviva's internet press centre at www.aviva.com/media.