Transfer agency and fund changes notification
We would like to notify you of changes to accounts administered with CCLA that will take effect from 20 November 2023.
For full details of these changes, please click here.
To maximise current income consistent with the preservation of principal and liquidity by investing in a diversified portfolio of high quality sterling denominated deposits and instruments. The primary objective is to maintain the net asset value of the Fund at par (net of earnings).
We monitor our counterparties’ environmental, social and governance risk management on a regular basis; and take further action if necessary. Our research is based on external data sources and the work of our Sustainability team.
Suitable for public sector clients.
Local authorities and other public sector bodies.
Maximising the average yield on deposits while achieving the required security and liquidity requires a careful focus on counterparty quality and the size and term of the cash placed. The best rates from strong counterparties are usually only available on very large deposits.
Download all the documents listed in this section. Alternatively, you may download individual documents.
An advisory board has been established to represent the interests of depositors and the public sector as a whole. The advisory board meets quarterly with the manager of the fund, CCLA, to provide guidance and monitor the management and development of the fund.
We're delighted you've chosen to invest with CCLA. Get the process underway by downloading our application form.
Whether you are a new investor to CCLA or topping up an existing account, please ensure you read the prospectus and key investor information document (KIID). The KIID can help investors understand the nature, risks, costs, potential gains and losses of the fund, and compare the fund with other products.
Looking for other documents? Click here to visit our client documentation page.
In addition to the general risk factors outlined in the Prospectus investors should also note that purchase of PSDF shares is not the same as making a deposit with a bank or other deposit taking body and is not a guaranteed investment. Although it is intended to maintain a stable net asset value per share, there can be no assurance that it will be maintained. Notwithstanding the policy of investing in short-term instruments, the value of the PSDF may also be affected by fluctuations in interest rates. The PSDF does not rely on external support for guaranteeing the liquidity of the fund or stabilising the net asset value per share. The risk of loss of principal is borne by the shareholder.