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

MaggieBone
by MaggieBone 19 October 2008  |  Comments 1 comment  |  Love Love  0 loves

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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Comments (1)

  • claretandblue08
    Love rating 0
    claretandblue08 posted

    You are not going to totally escape the market fluctuations. Although I am surprised the cash funds have gone down.

    Usually when you get close to retirement, it is normal to start moving your investments out of equities into deposit based investments.

    It may be worth speaking to an independent financial adviser for more specific answers to whether you have your investments in the best places.

    Posted on 20 October 2008 | Love Love  0 loves Report

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