Albany International is launching a new traded endowment policy based investment product on September 1.
The Value Managed Account will invest wholly in the Tep Value Fund which is linked to the Low Risk Asset Fund managed by Scottish Value Management.
It will primarily invest in Teps, although other types of low risk investment opportunities are not ruled out.
The fund has an initial charge of 1 per cent and an annual management charge of 1.25 per cent.
Commission is available at up to 7 per cent initial and 1 per cent renewal.
Albany International director and head of sales Paul Whitaker says: "This new product is the latest step in revamping and developing products which are innovative, easy to sell, easy to understand and easy to administer."