Large sum of money to invest

[Jimbeam3678]

Hi just after a bity of advice from intelligent money people

Now my mam has come into a large amount of money 200k +

Now coming from a older generation she doesn't really want o play the stock market etc etc.

just want to put in a or several saving accounts whichever works out best.

Now I have been on moneysupermarket etc etc . just wondering are there any pifalls to look out for as this money has to last my mam long enough to live off for hopefully many years to come

Would really appreciate any advice I only have knowledge of how to get out of debt never had any money to invest

Thanks again

 

[Jimbeam3678]

Well she has been to one IFA and from reading between the lines my mam only tells me half stories don't the y all!!!

IFA just pointed her int he direction of moneysupermarket to check the best High interst accounts. My mam would pretty much have to use some of it to live day 2 day as she only works part time.....

At work at moment but will post more details if any isneeded in an hour or so

TIA