Lowering the cost of global investing

Norwich Union International is lowering the cost of investing offshore by passing annual management charge rebates onto Premier Portfolio investors.

Investors in the Premier Portfolio offshore bond will pay a lower net annual management charge and rebates will be credited to the investors Premier Portfolio bond on a quarterly basis.

Annual management charge rebates will automatically start on existing and new Premier Portfolios from 31 October 2006.

Premier Portfolio gives investors access to hundreds of investment managers offering thousands of funds across all world markets.

Paul Sherlin, Norwich Union International marketing director, said: UK advisers and investors are increasingly making use of offshore bonds and sales grew by nearly 60 per cent in 2005 to reach 4.7bn. While tax mitigation has been one of the main reasons for this growth, the extensive investment choices available and an increasing emphasis on providing investors with better value for money have also driven sales forward.

We believe that the offshore bond market in the UK will continue to grow strongly in the next few years and that Norwich Union International will play a major role in that growth.

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