Ivory & Sime is relaunch ing its TrustGuard life insurance policy for professional trustees.
The Edinburgh firm hopes IFAs will sell the product to solicitors and accountants who have clients with trust fund savings.
The TrustGuard plan was launched in February 1996 but taken off the market on May 1 when the disclosure regime was introduced.
I&S says the product was withdrawn in expectation of the Government repealing the Trustee and Investment Act 1961. I&S is also to update the marketing information to comply with disclosure rules.
When the policy matures, TrustGuard provides a regular income from equity-based investments to the widow or widower and also protects the original lump sum for the trust's beneficiaries.
High-income investment trusts provide quarterly payments equivalent to an expected 6.5 per cent a year to the widow or widower.
Beneficiaries will receive a capital lump sum which is currently estimated to have a growth rate of about 15.5 per cent a year.
Commission is 3 per cent and there is a 0.5 per cent renewal fee.
Minimum investment is £5,000 and minimum top-ups are £2,500.
Initial dealing charge is 4 per cent and there is an annual fund-based admin charge of 1.25 per cent.
Marketing director John Yule says: "The TrustGuard plan provides a new marketing opportunity for IFAs to unlock funds which are earning less interest while they are being kept in building society trusts."