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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