The Lemon Fool

A retired female, aged 67 and in good health is looking at investing 90K cash which is currently sitting in a Sipp with AJ Bell. She is not risk averse and would like a simple portfolio which is a long term buy & hold.The beneficiary for the SIpp is her niece - aged 42 yrs.

Her current financial postion is as follows-
Occupational Pension - £33k (index linked)
State pension - £7K (index linked)
Cash - £400K (£315K unsheltered & £85k in ISA)
Equities unsheltered - £55K( £50K Worldwide Healthcare Trust with interactive investor; £2K (M&G Global Fund OEIC) & about £3K in BT & Lloyds shares)
Equities sheltered - £400K ( Worldwide Healthcare Trust, Alliance Investment Trust, RIT Capital Partners, Temple Bar Investment Trust, VWRL, VAPX & VJPN) with Interactive Investoor

Outgoings - about £2K per month.
She is going to need about £100k on a major house renovation in 2022.

Look forward to all your views & comments.
Thanks,
Ifnotnow8

If she already understands the benefits of VWRL, just get more of that.

VWRL or one of the LifeStrategy funds, to keep simple.

There is an accumulator version of VWRL which might make things simpler still, with no dividends to manage: VWRP.

You seem to have a good handle on finance and investing
Keep going as you are
As we get older and less interested in investing some put all our equities in a global equities index tracker and then go and play golf etc
Simple cheap easy to understand and does better than over 85+ of active funds
I would have two years living expenses in cash and invest the rest -using SIPP and ISA wrappers as much as you can
That’s it
xxd09