A useful way to have your money managed for you is to buy a life insurance product such as an Investment Bond.
Insurance bonds deliver returns tax-paid to the investor. There are two types of bonds available, Capital Guaranteed and Market Linked.
Capital Guaranteed bonds are designed for the more conservative investor and the insurance company guarantees the initial capital investment plus declared interest credited to the account.
Market linked products are designed to produce better long-term returns and by their very nature, have a more aggressive asset allocation. The asset allocation for market linked products can have a larger proportion in shares with fewer cash investments. Because of this the capital is not guaranteed, therefore investors' funds may increase or decrease in line with market conditions.