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Norwich Union Advice
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swifty_2
Posts: 57 Forumite
My wife has a personal pension with Norwich Union it is invested in the With Profits Fund Series 2, which turned in a 4% return last year. The charges are 0.7% monthly. She has about 9 years to retirement, is this a good fund to remain in or could she do better.
Thank you.
Thank you.
0
Comments
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The charge is 0.7% per annum i think you will find (although charged monthly). If it was 0.7% monthly, then it is very expensive.
Norwich Union are one of only two with profits providers that i still use, although never for pensions business. As for whether it is a good fund to be in... for what it is designed to do, then it does it well. Whether what it does matches with your wife's investment goals and attitude to risk is a different matter.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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