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Royal London Short Term Money Market Fund
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Joe Soap
Posted: 17 June 2023 07:20:15(UTC)
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Does anyone here use the above money market fund to park cash? Strikes me that I might be missing out a little by keeping cash accruing in the SIPP to draw down in March. Not a King's ransom at stake but the SIPP platform interest paid on cash is derisory and the RLAM money market fund seems as near to a low risk cash deposit as I can get inside my SIPP? Thanks.
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Jeff Liddiard on 17/06/2023(UTC), Phil 2 on 01/07/2023(UTC)
Bry Hay
Posted: 17 June 2023 07:31:39(UTC)
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I use this fund in my ISA, a low risk place to park a little buffer cash for me. Nice to see it just slowly ticking up each day.
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Joe Soap on 17/06/2023(UTC), Jeff Liddiard on 17/06/2023(UTC), dlp6666 on 20/06/2023(UTC)
ANDREW FOSTER
Posted: 17 June 2023 07:32:45(UTC)
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Joe Soap;270279 wrote:
Does anyone here use the above money market fund to park cash? Strikes me that I might be missing out a little by keeping cash accruing in the SIPP to draw down in March. Not a King's ransom at stake but the SIPP platform interest paid on cash is derisory and the RLAM money market fund seems as near to a low risk cash deposit as I can get inside my SIPP? Thanks.


My drawdown cash is in abrdn Sterling Money Market 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...
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Joe Soap on 17/06/2023(UTC), Jeff Liddiard on 17/06/2023(UTC), dlp6666 on 20/06/2023(UTC), Phil 2 on 01/07/2023(UTC), Old Scientist on 10/01/2024(UTC)
Joe Soap
Posted: 17 June 2023 07:57:04(UTC)
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Great, just what I was hoping to hear. I have been looking at if the RLAM or similar funds have ever been closed tm withdrawals? I am able to find information on property funds that have been closed, some for long periods. But I can't find anything that says popular money market funds have ever been closed to withdrawals or not?

Would be just my luck to get to March 2024 and the chosen fund get closed due to another financial crisis. They seem alarmingly common these days.

Thanks again.
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ANDREW FOSTER on 17/06/2023(UTC), Dips on 20/06/2023(UTC)
Joe Soap
Posted: 17 June 2023 08:07:24(UTC)
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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
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ANDREW FOSTER
Posted: 17 June 2023 08:16:30(UTC)
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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.
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Joe Soap on 17/06/2023(UTC), dlp6666 on 20/06/2023(UTC)
Joe Soap
Posted: 17 June 2023 08:36:01(UTC)
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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.

Terrific, that's very helpful.
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ANDREW FOSTER on 17/06/2023(UTC)
Dexi
Posted: 17 June 2023 09:17:53(UTC)
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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 .
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Joe Soap on 17/06/2023(UTC), ANDREW FOSTER on 17/06/2023(UTC), dlp6666 on 20/06/2023(UTC)
Joe Soap
Posted: 17 June 2023 09:42:47(UTC)
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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 .

Brilliant. Thanks for that.
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Peanuts
Posted: 17 June 2023 11:16:35(UTC)
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I use the Vanguard mmf, yielded 0.36% in May


Edited to add: ^^I’m not sure if that’s after fees or not though ?
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Joe Soap on 17/06/2023(UTC)
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