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Is my money safe in a Flexible Account?

Although the Deposit Insurance Scheme doesn't apply to Flexible Accounts, you'll be insured by the Liabilities to Investor Insurance Scheme. You can find more information on our website.

Your money will be invested in a Money Market Fund (LVNAV), which is a type of low-volatility fund that banks and other large corporations commonly use to preserve the value of their funds against inflation. However, your capital may be at risk in the unlikely event of the NAV (Net Asset Value) of the fund reducing, and the Annual Percentage Yield (APY) turning negative. It's recommended to refer to the our Risk Disclosure document and the fund prospectus to develop a detailed understanding of the risks involved.

Investors in a Flexible Account should be aware that:

  • A Money Market Fund is not a guaranteed investment
  • An investment in a Money Market Fund is different from deposits. This is because of the risk that the principal invested in a money market fund may lose part or all its value
  • A Money Market Fund does not rely on external support for guaranteeing liquidity or stabilising the Net Asset Value per Share
  • The risk of loss of the principal is borne by the investor