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Standard Life Cash Fund

Hello

Back in May/June 2009 Standard Life cut the value of their Sterling Fund and then reinstated it after complaints - at that point Standard Life advised those fund holders looking for a safer haven than the Sterling Fund to move to their recently launched Managed Cash Fund. Of course in the small print, Standard Life stated that the Managed Cash Fund was also not 100% guaranteed and that in exceptional circumstances it could go down in value.

One of these exceptional circumstances was that the fund growth could be less than Standard Life charges. Since June 2009 the Managed Cash Fund has only ever dropped in value and is now down by around 0.4%.

So, is it really so hard to protect the value of a fund in the current financial climate, or is it just the case that Standard Life's management charges are unreasonably high? Can anyone suggest a Pension Fund which *is* guaranteed not to lose value - even at the price of growth?

Thanks Thomas

Reply to
Thomas
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Hello

I read you post..Go to this link

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may be this will helps you out.... Thank

Reply to
fraiserseo

Interesting! Zonealarm says this site is unsafe.

Rob Graham

Reply to
Rob Graham

Not too surprising given that the comment was so generic that it could have been machine added without even reading the thread. Unfortunately it is too common these days to post an unexplained relevant URL.

Reply to
David Woolley

Google Safe Browsing malware detector is happy with it as is my eSet NOD32 anti-virus/anti-malware -

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The link is about occupational pension transfers from The Pensions Advisory Service (TPAS) which I doubt is helpful -

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The op should look for Guarantee Equity Bonds (GEB), type vehicles -

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I don't know if any are available within pensions.

Yes Standard Life's charges are too high for their cash fund, even though LIBOR is only ~0.5% -

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Standard Life did not imo value the Sterling fund correctly for about

18 months, using the laughable 'mark to make believe' methodology, neither did they describe the ~40% invested in asset backed securities (including sub-prime martgages) as long term investments which they would have to hold for a number of years, if not til redemption. You might find discussion this interesting -
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Reply to
Daytona

================================================== The op should look for Guarantee Equity Bonds (GEB), type vehicles -

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I don't know if any are available within pensions.

Yes Standard Life's charges are too high for their cash fund, even though LIBOR is only ~0.5% -

formatting link
Standard Life did not imo value the Sterling fund correctly for about

18 months, using the laughable 'mark to make believe' methodology, neither did they describe the ~40% invested in asset backed securities (including sub-prime martgages) as long term investments which they would have to hold for a number of years, if not til redemption. You might find discussion this interesting -
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402397&sort=whole

================================================== Thanks for this info'

Thomas

Reply to
Thomas

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