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Yes.
None.
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What reasons would there be to choose a fund that pays income in cash?
Well actually, I guess it would depend on your circumstances. If for eg you are worried about capital preservation you may have a chunk parked in something low risk, but then move the cash generated into something capable of higher gains.
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I've chosen income funds only when outside of tax wrappers such as ISAs, LISAs and Pensions because it will likely help when calculating any capital gains (wishful thinking).
hugo7
pjhobs
@NotThamesWater
Pension question - I want accumulation funds, right?
What reasons would there be to choose a fund that pays income in cash?
(Given that I'm still far away from drawing down from it)