BCP Stockbrokers has launched the BCP Umbrella Bond in association with New Ireland Assurance Company. The bond aims to provide a comprehensive range of investment options while taking advantage of new tax legislation.

Investors place their cash in the bond and, once under its umbrella, choose from one or more of the 22 underlying investment funds. After they have bought the bond, investors may switch from fund to fund tax free and at low charges. All returns roll up and accumulate tax free until money is withdrawn from the bond.