NU offshore sales rise 60%

Unit-linked offshore bond sales more than doubled to £280m compared with £135m in 2006. Neil Davies, director of investments marketing at Norwich Union, says: “Sales in the UK have grown strongly because we have continued to enhance Premier Portfolio – our flagship open architecture wrapper.” He also attributes the boost to last year’s discretionary manager launch with in-specie transfers. “The attractiveness of discretionary asset management has continued to grow strongly. More advisers and discretionary managers are combining their skills to create compelling customer offers, and offsh...