I have been made reduntant - aged 57 - not a problem - it suits me well. I have payout of circa 500k of which 200k approx is in AVC's. I have a good pension kicking in immediately - hence do not necessarily need an income right now. I would like to invest approx 450k for 12 months (either rolling 3 months - or total 12 months) in a low risk investment but with the optimal return. Can you make any recommendations? Thanks Loriel.