Norwich Union upgrades investment range

20 May 2005
Norwich Union has announced that it is making a series of improvements to its investments products.

From May 23rd, 32 funds will be added to the range of funds available through the company's investment bond.

The company has also unveiled its Forecast portfolio planning tool, an online planning tool designed to help advisers find the right portfolio mix for their clients.

Expanding the Portfolio fund range means customers will be able to invest in a further two internal, four manager of managers funds, and 26 external funds from leading fund managers including Fidelity, Gartmore, BGI, Jupiter, New Star, Investec and Newton.

Forecast, developed in conjunction with online financial planning company Decisions, is designed to make portfolio planning easier and provide advisers with assistance in making portfolio recommendations for customers.

The company said: "The key to successful investing is robust portfolio planning, but delivering the portfolio recommendations that clients need can be time-consuming and complex for advisers. More choice for consumers can mean more administration and research for advisers. Forecast can make this job easier for IFAs.

"More than 100 funds are now available through Portfolio and Norwich Union is determined to give advisers the high-quality information and tools needed to make effective decisions on behalf of clients. Forecast will help advisers build bespoke investment portfolios for clients while easing the compliance burden by assisting in keeping an audit trail."

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