Fund platform with power of attorney

xylophone

Are you prepared to give an indication of her income (and sources of income) and how much capital is involved?

It might then be possible for posters to make suggestions that you and MIL could consider.

You give no indication that she is on a low income so presumably has both state and occupational pensions (and/ or a widow's pension perhaps)?

elsien

How aware is she of the risk of things going down as well as up? Just that some people say fine, until it happens. 

cloud_dog

halfordslaner said:

Thanks for the replies. 

I’d not heard of iWeb so I’ll have a look.  I had looked at HL and thought they looked ok. 

We wouldn’t plan on all the cash going into a s&s ISA but the cash she is sitting on is effectively decreasing in value as it stands. We don’t anticipate immediate need for care snd are already working on a plan whereby we can move her in with us if needs be. However she had a romantic idea that her son will inherit her cash and if there’s to be any left after paying for care then it needs to start earning some interest.  We would leave some cash in a better cash Isa but invest the rest to try and make a better return.   To be honest she’s useless with money, always has been.  If we’d known she had this much we’d have interfered long ago! 

Thanks again 

When my mother went in to care last year, I (we) took the opposite approach and liquidated the investments and simply started creating FR bond ladder to cover the ongoing fees.  I (we) felt our mother's position required certainty rather than the possibility (of growth).