Norwich Union, the UK's largest insurance services provider, has added 18 funds to its personal and group pensions.
The addition of the funds will allow new and existing customers to invest in a larger number of funds from Barclays Global Investor (BGI), Gartmore, Schroders, Investec, Jupiter and Norwich Union itself.
Adding these funds shows our continued commitment to expand the investment opportunities for customers. We are especially excited by the addition of the Norwich Union’s manager of managers funds, which have performed well since they launched in 2005, Iain Oliver, head of pensions at Norwich Union, said.
The addition of a range of passive funds from BGI at no extra cost will be of significant value to trustees and employees looking for inexpensive access to particular investment sectors.
These two contrasting investment options illustrate the strength and breadth of our investment proposition, Mr Oliver added.
Norwich Union has strategic alliances with building societies and other leading UK brand names including CIS and RBS Group. The new funds became available on May 15, 2006.