CGU spreads set-up charges over life of pension

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CGU Life has introduced an executive portfolio pension which spreads set-up charges over the life of the pension rather than taking up to half of the first year's premium to pay for the costs of setting up the pension.

The new charging method used by CGU means that directors have 95 per cent of all pension contributions invested from the first year. Those eligible for the new pension product include company directors, key employees and executives.

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