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Britam Asset Managers

Britam Money Market Fund

Money market fund · Regulated by the CMA

What is this?

Your money is lent out short term, mostly to banks and to the government. You can add to it or take it out when you want. It grows slowly and steadily.

What does it cost you?

Britam Asset Managers does not publish what it charges. We looked for 3 charges and found no figure for any of them:

  • · The page says the rate is net of fees, but never says what those fees are.
  • · The page does not say whether anything is taken off the money you pay in.
  • · The page does not say whether anything is taken off the money you take out.

What if you stop paying?

Nothing happens. There is no set payment to keep up. Your money stays in the fund and keeps earning.

What if you need the money early?

There is no fixed term, so there is no early. The page does not say how long a withdrawal takes to reach you.

Who this suits

It could work for you if

You want your money safe and easy to reach, and you want to be told what the rate means.

Think twice if

You need a current rate. The one on this page is from 2024.

How openly does this company explain its charges?

EWon't tell you what it costs2 of 9 answered
  • What do they charge you every year?
    The page says the rate is net of fees, but never says what those fees are.
  • What is taken off the money you pay in?
    The page does not say whether anything is taken off the money you pay in.
  • What does it cost to get out early?
    The page does not mention any charge for taking money out.
  • What is the smallest amount you can start with?
    They do not publish a minimum. You have to ask an agent.
  • How long is your money tied up?
    They do not say how long you are tied in.
  • Is the advertised return before or after their charges?
    After charges. The number you see is the number you get.
  • Do they warn you the return is not guaranteed?
    No warning appears next to the figure, even though it is not a promise.
  • Do they tell you what you get back if you stop early?
    You get whatever your money is worth on the day. There is no schedule.
  • Do they list what is not covered?
    This is not insurance, so there is nothing to exclude.
  • Are all their charges published?
    No. 3 charges are mentioned without a figure.
  • Do they say who regulates them?
    Yes — the CMA. That is who you complain to.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

Things to know before you sign

  • · The rate shown covers January to August 2024. Britam has not put a newer one on this page.
  • · Interest from a money market fund is taxed at 15%. Britam says its rate is quoted before that tax.
  • · Britam says the rate is after its own charges. It does not say how large those charges are.
  • · The fund is run by Britam Asset Managers, which is supervised by the Capital Markets Authority. The insurance company of the same name is supervised by the IRA.

Talk to them

Compared with the others

There are 9 other plans of this kind on the board. See all 10 side by side — what each one leaves you with, and which of them will not say.

How current is this rate?

The 10.78% on this page is the rate Britam Asset Managers last declared, as at 2024-08-31 — over 1 years old.

Britam says this is net of fees and gross of withholding tax: the fund's charges are already taken off, the 15% tax is not. The figure covers January to August 2024, so it is not what the fund is paying now..

This is the most recent figure Britam Asset Managers publishes, not the most recent figure that exists. Ask them what the current rate is before you decide anything on the strength of it.

Where we got this