Skandia's Protected Portfolio Investment (PPI) has matured three years early. The Accelerated Re...
Skandia’s Protected Portfolio Investment (PPI) has matured three years early. The Accelerated Return version of the product will pay out 121% of initial investment early, due to the strength of the underlying portfolio. The plan had a maximum term of six years. Investors in the PPI vehicle have the option of cashing out or transferring the proceeds of the plan to another product. The group has launched the next issue of the PPI, which is open to investment until 15 October 2007. “The early maturity of this investment is great news for clients,” said Skandia head of investment marketing...
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