cash (money market) pension funds.

Cash or money market funds hold deposits and very short-term loans to banks and governments. They aim to protect your money rather than grow it, so returns are low and can fall behind inflation. People often use them for money they plan to take soon, such as a lump sum at retirement.

funds

14

providers

9

typical risk

1–2/7

middle 5-yr return

+1.2% a year

Of the 13 cash (money market) pension funds with a five-year record, the highest average yearly return was +2.0% (Royal London BlackRock Euro Environmentally Aware Cash Fund, Royal London) and the lowest +0.5% (Standard Life Prosperity Euro Global Liquidity, Standard Life). 1 fund is under five years old and listed after, by 3-year return.