Telegraph.​co.​uk writes about a small U.​K. money fund bailout in "Standard Life becomes latest credit crunch victim". The article says that Standard Life "​will also see its interim profits reduced by L37m as it has to inject cash into its money market fund, a L1.​7bn fund for institutional investors. It blamed a '​deterioration in liquidity conditions' and has restructured the fund, moving some of the asset-​backed securities on to the group'​s balance sheet." The Telegraph added, "​Mr. Nish said these are largely AAA-​rated securities and there is no exposure to the US. He added that the group should get back L20m when the securities are redeemed."

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