Guidance

Compare our pension plans

If you're not sure which type of pension plan to choose, have a look at the table below. It compares the features of Norwich Union's stakeholder pension and personal pension plans to help you work out which one could be best for your own personal circumstances.

Information Stakeholder Pension (NUSP) Personal Pension (YPS)
Charge Maximum of 1% of your plan value per year. The charge depends on your investment fund choice. Charges start from 1% of your plan value per year.
Minimum payment Minimum £20 per month (including tax relief) Minimum £200 per month (including tax relief) or £1000 one-off payment including tax relief
No. of investment funds 34 investment funds Over 185 investment funds with more being added regularly
Flexibility

You can stop, re-start, or change your payments to suit your needs.

If no investment choice is made, your investment will automatically move to lower risk funds as you approach retirement.

You can stop, re-start, or change your payments to suit your needs.

It is possible to choose a feature which automatically moves your investment to lower risk funds as you approach retirement.

Helping you choose your pension plan

Norwich Union offers two different types of pensions that you can find out more about - the stakeholder pension plan and the personal pension plan.

Stakeholder Pension - your next steps

It's easy to get an instant quote and apply online for a Norwich Union Stakeholder Pension.

Or you can call us on 0800 068 6800*. Any advice will only relate to the products of Norwich Union.

* Lines are open Monday to Friday 8am - 9pm, Saturday 9am - 5pm and Sunday 10am - 4pm. Calls may be recorded and/or monitored.

Personal Pension - your next steps

Find out more about how to apply for a Norwich Union personal pension. The next step is to talk it through with your financial adviser to make sure it's the right pension plan for you. If you don't have an adviser, you can find one in your area at:

www.unbiased.co.uk

WC03032 09/2008