Chris S
Legendary Member
- Location
- Birmingham
I am thinking of taking out a 1 year bond with Meteor Asset Management. They hold your money in trust and invest it in a partner bank. All deposits in the the partner banks are FSCS protected up to a £120,000 limit.
Meteor Asset Management hold your money before the bond is opened and again after it has been closed and transferred back to you. What would happen to my money if they were to cease trading then? Would I have to join the queue of creditors to get it back?
Meteor Asset Management hold your money before the bond is opened and again after it has been closed and transferred back to you. What would happen to my money if they were to cease trading then? Would I have to join the queue of creditors to get it back?
