Basic beginner long term investment advice.

[tyrone1973]

I'm a 44 year old medical consultant with no debts and mortgage down to £100k.
It will be paid off in another 6 years and have overpaid significantly for the last few years.
No real further savings to be made with overpayment.
My NHS pension pot is roughly £600k so likely to need to stop contributing before retirement.
Live in an area where private school fees are not required.
Starting to think ahead about investing for children's university fees and the future.
Live reasonably frugally had the 911 and unlikely to go down that route again.
What would be the best route into long term investment for any additional cash that I have?
Effectively have no long term savings or investments at present as decided to pay house off quickly.
Have critical illness and income protection so no issues there.

From reading forum I would assume that Vanguard would be the place to invest?
My financial advisor is from Wesleyan and a quick google search would rate their investments as having very high management charges.
Any advice appreciated.

[anonymous-user]

sidicks said:

With a long (5+ years) investment horizon, opening an ISA to invest in a Global equity tracker fund that you could make a monthly contribution into, would be a good starting point.

This is sound guidance. I prefer actively managed funds myself but the principle is equally valid either way. Use any cheap platform and try to avoid adviser fees.

Don't forget that if you have an "other half" you both get a £20k ISA allowance each tax year. Long term tax free compounding can be incredibly effective. There will be people on here who, as a couple, have more than £1m in ISA and they will have started when the allowance was much lower at around £7,000 p.a.