Investors interested in placing a lump sum in a longterm product may want to examine Scottish Provident's new series of with-profits bonds.

They offer growth potential with a capital guarantee that may suit investors looking for exposure to the stock market with investment returns steadied over time. On the fifth anniversary of the policy, a minimum encashment "moneyback guarantee" is offered.

The minimum investment is £5,000. After 10 years the minimum return is guaranteed at 112 per cent of the investment amount minus a £100 policy fee. Annual bonuses are awarded and added to the sum guaranteed. Scottish Provident products are offered through brokers across the State.