Family Safety First Fund

Where is the fund invested?

The Family Safety First Fund is a tax-exempt fund which is invested in fixed term deposits with banks and building societies. It may also invest in money market funds. If you are considering switching into this fund, please also see our “How cash funds work” leaflet before making any decision to invest. This is available on our website onefamily.com or by contacting us

What are the risks?

Investing in a cash fund has historically been regarded as lower risk than investing in a stocks and shares fund, but potential growth returns are generally lower.

As returns can be lower, if you decide to invest in a cash fund, you should particularly consider the effect of inflation. Inflation is an increase in the cost of living, which generally happens over time, and will reduce how much you can buy with the proceeds of your investments. If the growth on your investments is lower than the rate of inflation, the real value of your money will effectively be falling, as you will be able to buy less with your money than before.