Mumford split retirees into two categories: income seekers and capital compounders, both of which he said could benefit from investing in the Bankers Investment Trust.
"I prefer to recommend trusts with real diversification to help minimise the reliance on one particular market. This trust has the flexibility to invest in any geographic region with no set limits on country or sector exposure," he said.
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The trust currently yields more than 2 per cent and aims to increase this by inflation.
carmen.reichman@ft.com
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