Cash management for local authorities is governed by a clear statutory hierarchy: security first, liquidity second, and yield third. Treasury teams must invest ratepayer and taxpayer funds prudently under the CIPFA Treasury Management Code and government guidance, while avoiding the concentrated counterparty exposure that led to well-documented losses for UK councils in past banking crises. Balancing this discipline against the pressure to generate a reasonable return on cash reserves remains an ongoing challenge for finance teams and elected members alike.
Money market funds are recognised as a specified investment for local authorities and are well suited to this mandate. They provide diversified exposure to high-quality, short-term instruments, spreading risk across many issuers rather than one bank, while offering the daily liquidity authorities need to fund day-to-day operations and statutory commitments.
Money Fund Market gives local authority treasury teams direct access to a broad panel of institutional money market funds through a single online interface, with automated trading, settlement, and reporting that simplify compliance and reporting to members and auditors. The result is greater transparency, reduced counterparty concentration, and improved returns on public funds held for future spending.
By integrating institutional-grade liquidity solutions into one secure platform, Money Fund Market empowers corporates to manage cash more strategically, balancing safety, yield, and accessibility in a rapidly changing financial environment.
Learn More
