L&G Cash Fund

The fund is invested in cash-based investments in the UK money markets. These investments typically receive interest at rate similar to the Bank of England base rate.

The returns that you can expect from cash are very steady and it is very rare that the value of your investment will decrease. As cash investments are not perceived to be as "risky" an investment as equities or Gilts, the expected returns are not as great as from equities or Gilts. Therefore, such a fund is most appropriate when you are close to retirement, or wish to protect the capital value of your pension savings for short periods of time.

The Plan currently offers you an active fund managed by L&G. More information is available on the fund fact sheet.

Prior to October 2007 the Hermes Cash Fund was available to members.