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The new class, launching on December 8, is set to give investors access to Way's range of inheritance tax solutions, while adopting an investment strategy uncorrelated to equity markets and promising what the firm claims will be steady returns.

The EEA fund, which buys and sells traded life policies, has flourished over the past few months despite ongoing market volatility, delivering 34 consecutive months of growth.

It currently owns 227 policies and targets total returns of 9-10 per cent net of charges, with an investment benchmark to provide 8 per cent annual net return to investors.

Eddie O'Gorman, head of sales at Way group, said: "This new initiative is a major breakthrough in terms of IHT planning, as we can now offer the benefits of estate planning utilising one of the most effective investment vehicles currently operating in the market place."

Mr O'Gorman added: "The steady near-certainty of returns on this fund is likely to appeal to more cautious investors alarmed by the fall-out in equities since the credit crunch started to bite."

Fund Facts

Minimum investment: £20,000

Initial charge: 5 per cent

AMC: 1.95 per cent

Initial commission: 3 per cent

Trail commission: 0.5 per cent