Phoenix considers further cash-ins for policyholders

In July, the group announced it would allow 2,500 investors with whole of life non-profit policies worth less than £2,000 to cash them in immediately for free. The scheme, called "Project Victor", was implemented as these small policies were being eroded by inflation. Kevin Arnott, director of with-profits management at Phoenix, said it will analyse the feedback from Project Victor over the next three months and assess whether the group can run similar offers for other policyholders. He said Phoenix had hundreds of enquiries from eligible and ineligible policyholders about the offe...