I wouldn't think so - it sounds like an assurance type of product subject to exit tax but you would need to post more details about the product to get a definite answer
The specific question refers to an Equitable Life with-profits bond - which was a life assurance type bond. I cashed it in a few months ago - received the full exit value with no exit tax deducted. I was presuming/hoping I could offset the capital gain on this against carried fwd losses on shares