Ahead of the change of Trustee, Raisin UK will provide you with prior written notice of the change (“Transfer Notice”), which sets out the date and time the transfer will be effective (“Transfer Date”).
From the Transfer Date, RPL will assume the role of the Bare Trustee and Deposit Administrator in relation to your active savings accounts opened with the Partner Banks.
If you have invested funds with more than one Bank in respect of which Meteor Asset Management and Meteor Investment Management Limited (together, “MAM”) are currently the Bare Trustee and Deposit Administrator, you will receive a separate Transfer Notice for each Bank, as MAM transfers its obligations, rights, benefits or interests under the Terms to RPL.