Skandia PPI pays out three years early

The investment is paying out three years early and before the maximum six-year term, because the underlying portfolio of mutual funds achieved its target growth. Investors now have three options: to roll their proceeds into the next issue of Skandia’s protected portfolio investment which is available until October 15; to receive a cheque by way of settlement, or to transfer the proceeds of the plan to another manager. Graham Bentley, head of investment marketing at Skandia, comments: “The early maturity of this investment is great news for clients. The performance has truly lived up to ...