Up to £8bn could exit with-profit bonds over the next three years, according to Skandia.
The platform's latest research suggests hundreds of thousands of investors could benefit from spot guarantees and exit with-profit bonds, withdrawing around £8bn over the next three years.
Skandia's findings come from an analysis of historic sales of with-profit bonds, which peaked at 1.3 million policies between 2000 and 2002, representing £38.4bn of investment.
The analysis, which evaluated 287 with-profit bonds from 38 companies, found at least 30% are estimated to contain 10-year anniversary MVR-free spot guarantees.
Further research from the platform suggests 70% of investors believe MVRs to be the largest barrier to transferring out of with-profits products.
Based on these figures, as many as 273,000 bonds - or approximately one in five of the total bonds sold between 2000 and 2002 - could be surrendered in the next three years.
Skandia UK chief executive Nick Poyntz-Wright, says: "In addition to enduring questionable investment performance, many with-profit investors have been trapped by MVRs, which are essentially a hidden and often substantial exit penalty.
"Over the next three years, which represent the ten-year anniversary of the boom time for with-profits sales, many bondholders will effectively have a ‘get out of jail free' card and should carefully evaluate their position given the potentially serious consequences of missing out during this window. "
Partner Insight: Cathi Harrison, director of para-sols and Apricity and Clare Farrell managing director at Northfield Wealth met in London recently to discuss how to stay on top of regulatory risk.
CEO labels whistle-blower as 'brave'
Adds up to £130m FUM
Our weekly heads-up for advisers
Think tank report