Skandia alerts with-profits investors of penalty-free exits

Analysis by the platform suggests of the £15bn held by almost 500,000 investors in with-profits bonds, one third have a penalty-free exit period upon reaching their tenth anniversary this year. "Many with-profits funds are very different investments today compared to ten or twenty years ago so it is important to check they are still relevant," says Skandia's investment expert Graham Bentley (pictured). "As with any contract, it is important to be aware of any exit penalties that exist and avoid them where possible." Whilst urging advisers to review clients' investments in order to ...