The Scottish Friendly Assurance is launching an Oeic as part of an Isa range.
The Oeic sub fund will be called the Scottish Friendly Managed Growth Fund.
The fund's investment management team will be headed by Julian Fosh. The investment spread will be 56 per cent UK equities, 12 per cent fixed interest, 27 per cent and 5 per cent cash.
The aim is to achieve long term capital growth with a degree of security provided by the fixed interest component.