DC are 14 and 10 and directly inheriting around £100k each.
They have some investments already - around £10k each in stocks and shares JISA (split between Evelyn ready made portfolio and HSBC FTSE 100 Index C) and £5k in Virgin stakeholder pension.
I will be setting the expectation that their relative wanted them to use the money for a house deposit, so hopefully the bulk of it will not be touched for 10-20 years. I'll put a small amount into pensions for the tax relief and to protect it for the long term though.
I've had advice to avoid investing over the next year at least, so will be keeping mainly as cash savings to start with. Thinking of a cautious approach, aiming for a balance of about 50% as cash savings, 5% into the pensions and 45% into a ready made portfolio and FTSE tracker (probably a global one this time).
What would you do with it?