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19 October 2008

How safe are cash funds within a pension money purchase scheme?

I am 61 yrs old and have a money purchase scheme invested in a variety of funds, cash, bonds (gilts) and shares. In the last few weeks it has gone down over 10%. The cash and bond funds have also gone down. The cash fund includes things such as cash deposits, floating rate notes and commercial paper.I am thinking of transferring everything to cash but am not sure if this fund is safe either. I an also surprised that bonds including gilts have gone down considerably too.

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