This article was published on Thu 26 Sep 2019. At the time of publishing, this article was true and accurate, however, over time this may have changed. If you have any concerns about this please contact us

Important changes to our Cash Funds from October 2019

Thu 26 Sep 2019

We are making some changes to how we run our cash funds. This will be of interest to customers who access these funds via our Stakeholder Pension or Child Trust Fund products.

 

For customers in the Child Trust Fund who use the Guaranteed Cash Fund:

In future, Money Market Funds (MMFs) will be included in the permitted investments available for the fund. MMFs invest in a wide range of short-term money market instruments, including deposits. It is considered that the wider range of instruments available by enabling investment in MMFs should improve the diversification of our fund and potentially improve future returns. This change does not alter the guarantee provided or the low risk nature of the fund.

 

For customers who use the Stakeholder Pension Cash Fund

In future, Money Market Funds (MMFs) will be included in the permitted investments available for the fund. MMFs invest in a wide range of short-term money market instruments, including deposits. It is considered that the wider range of instruments available by enabling investment in MMFs should improve the diversification of our fund and potentially improve future returns. This change does not alter the low risk nature of the fund.”


Type of article: News
Category: Police Mutual news

Return to News and Blog