Brokers rank retirement funds

BCP Stockbrokers and Fund Managers has issued a series of recommendations for retirement investing.

BCP Stockbrokers and Fund Managers has issued a series of recommendations for retirement investing.

In the secure category, BCP recommends two with-profit funds - Canada Life With Profit Bond and Hibernian With Profit Fund - for those who require capital security and income.

In the balanced category, BCP recommends the Hibernian Euro Managed Fund, Merrill Lynch's Global Balanced Managed Fund and the New Ireland Evergreen Fund. Irish Life's Property Fund also gets a mention for investors seeking above-average growth over the medium to long term.