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ANDREW FOSTER
Posted: 17 June 2023 11:24:18(UTC)
#12

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Dexi;270293 wrote:
During the Covid sell-off Jan - April `20 , the Aberdeen MM fund hardly moved , so it looks pretty safe . Very different to a commercial prop. OEIC .


Nor did they even blink in the recent "banking crisis"...
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2 users thanked ANDREW FOSTER for this post.
Joe Soap on 17/06/2023(UTC), Dexi on 17/06/2023(UTC)
Joe Soap
Posted: 17 June 2023 11:28:13(UTC)
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ANDREW FOSTER;270305 wrote:
Dexi;270293 wrote:
During the Covid sell-off Jan - April `20 , the Aberdeen MM fund hardly moved , so it looks pretty safe . Very different to a commercial prop. OEIC .


Nor did they even blink in the recent "banking crisis"...

Thanks. It definitely looks an option. I'll think about it over the weekend. I don't generally like doing so but it might be belt and braces to use two funds.
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1 user thanked Joe Soap for this post.
ANDREW FOSTER on 17/06/2023(UTC)
Joe Soap
Posted: 18 June 2023 08:11:14(UTC)
#6

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ANDREW FOSTER;270288 wrote:
Joe Soap;270286 wrote:
ANDREW FOSTER;270281 wrote:
My drawdown cash is in abrdn Sterling and is sold off each month to fund the pension payout.

Every little helps. It is lowest risk rating that there is.

The abrdn fund has historically outperformed the RL one by a little...

This one?

abrdn Sterling Money Market Fund A Acc


Yep that's the one. Marginally higher charges but a little higher long term performance.

Members might be interested to know that I found this morning, there's A and I accumulation units. A has a 0.25% fee but the I accumulation units have a lower, 0.15% fee. Both are available at Interactive Investor. I might buy some tomorrow morning.
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3 users thanked Joe Soap for this post.
Helen L on 18/06/2023(UTC), Dexi on 18/06/2023(UTC), Phil 2 on 01/07/2023(UTC)
Aminatidi
Posted: 18 June 2023 08:19:23(UTC)
#15

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0.12% on the Vanguard MMF if you hadn't checked it.

Benchmarked against SONIA.
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3 users thanked Aminatidi for this post.
Dexi on 18/06/2023(UTC), Joe Soap on 18/06/2023(UTC), Phil 2 on 01/07/2023(UTC)
Joe Soap
Posted: 18 June 2023 08:44:04(UTC)
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Aminatidi;270364 wrote:
0.12% on the Vanguard MMF if you hadn't checked it.

Benchmarked against SONIA.

Thanks, I'll take a look at it. Another option isn't a bad thing to have.

Edited to add, I looked and the Vanguard money market fund doesn't have accumulation units. That might not bother some people but rules it out in my case. I don't want a monthly income from the fund.
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john brace
Posted: 18 June 2023 09:32:56(UTC)
#20

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HL sipp drawdown pays 3-3.7% for cash. Isa etc somewhat less, but worth it if you are with them
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2 users thanked john brace for this post.
David1965 on 18/06/2023(UTC), Phil 2 on 01/07/2023(UTC)
Joe Soap
Posted: 18 June 2023 10:25:15(UTC)
#23

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john brace;270371 wrote:
HL sipp drawdown pays 3-3.7% for cash. Isa etc somewhat less, but worth it if you are with them

Thanks, my SIPP is with Interactive Investor.
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Aminatidi
Posted: 18 June 2023 10:27:11(UTC)
#19

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Joe Soap;270367 wrote:
Aminatidi;270364 wrote:
0.12% on the Vanguard MMF if you hadn't checked it.

Benchmarked against SONIA.

Thanks, I'll take a look at it. Another option isn't a bad thing to have.

Edited to add, I looked and the Vanguard money market fund doesn't have accumulation units. That might not bother some people but rules it out in my case. I don't want a monthly income from the fund.


They do an ACC version but oddly enough it isn't available on Vanguards own platform.

https://www.vanguard.co....-gbp-accumulation-shares
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Joe Soap on 18/06/2023(UTC)
ANDREW FOSTER
Posted: 18 June 2023 10:29:46(UTC)
#7

Joined: 23/07/2019(UTC)
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Joe Soap;270363 wrote:
ANDREW FOSTER;270288 wrote:
Joe Soap;270286 wrote:
ANDREW FOSTER;270281 wrote:
My drawdown cash is in abrdn Sterling and is sold off each month to fund the pension payout.

Every little helps. It is lowest risk rating that there is.

The abrdn fund has historically outperformed the RL one by a little...

This one?

abrdn Sterling Money Market Fund A Acc


Yep that's the one. Marginally higher charges but a little higher long term performance.

Members might be interested to know that I found this morning, there's A and I accumulation units. A has a 0.25% fee but the I accumulation units have a lower, 0.15% fee. Both are available at Interactive Investor. I might buy some tomorrow morning.


On Fidelity both are the same 0.15% fees
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2 users thanked ANDREW FOSTER for this post.
Joe Soap on 18/06/2023(UTC), Phil 2 on 01/07/2023(UTC)
Nigel Harris
Posted: 18 June 2023 10:30:16(UTC)
#21

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john brace;270371 wrote:
HL sipp drawdown pays 3-3.7% for cash. Isa etc somewhat less, but worth it if you are with them


Here is the link to HL's tiered interest rates on all financial products:

https://www.hl.co.uk/charges-and-interest-rates

There are several other money market funds if you want to spread your risk:

Fidelity Cash available as both income and accumulation units 0.15% fee.
BlackRock Cash also available as both income and accumulation units but with an expensive 0.24% fee.
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6 users thanked Nigel Harris for this post.
Joe Soap on 18/06/2023(UTC), ANDREW FOSTER on 18/06/2023(UTC), Sara G on 18/06/2023(UTC), dlp6666 on 20/06/2023(UTC), Darkstar on 21/06/2023(UTC), Phil 2 on 01/07/2023(UTC)
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