I have just retired with a lump sum of €120,000. I received advise to split it in 3 ways i.e. hold an amount of approx €20,000 on deposit for expenses and quick access, put approximately €60,000 into government savings such as 3 and 4 year savings bonds and 5 year savings certs and the balance of approximately €40,000 into longer terms Managed funds - Zurich Active Asset Allocation Fund has been recommended - for a minimum 6 year plus period. I would welcome any views on this advice - particularly the Zurich recommendation. I previously (many years ago) invested in an Irish Life managed fund and was lucky to get back what I had paid in after 10 years - there was life cover involved in this also which is not part of the recommended Zurich investment. There is an annual management charge of 1.5% on the Zurich Fund. I am 62 years of age, married and, thankfully, in good health. Any advice welcome.