Kent Reliance krps.com

Money, investing, mutuals etc
Trustee
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Kent Reliance krps.com

Post by Trustee » Tue Jun 07 2022 4:38pm

proposed wind up and transfer of assets to a new charitable foundation :eh:

planteria
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Re: Kent Reliance krps.com

Post by planteria » Wed Jun 08 2022 11:23am

oh... and nothing for the members?

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Re: Kent Reliance krps.com

Post by Trustee » Wed Jun 08 2022 1:37pm

It is a motion for the forthcoming AGM.
You will get to vote but I suspect they are hoping it will slip through unchallenged appealing to members ambivalence or altruistic nature.
NO mention of compensation... so I have alerted the media.
I like to choose the charities I support..

They are keeping the monthly prize draw... whoopee :roll:
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Re: Kent Reliance krps.com

Post by planteria » Thu Jun 09 2022 11:12am

good work Trustee. we shall see how it plays out.

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Re: Kent Reliance krps.com

Post by Trustee » Wed Jun 29 2022 11:22am

Please VOTE AGAINST resolutions 6, 7 & 8.
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Re: Kent Reliance krps.com

Post by Luke_PieStalker » Wed Jun 29 2022 11:02pm

Trustee wrote:
Wed Jun 29 2022 11:22am
Please VOTE AGAINST resolutions 6, 7 & 8.
Which are?

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Re: Kent Reliance krps.com

Post by planteria » Thu Jun 30 2022 9:23am

have you received a voting pack Trustee?

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Re: Kent Reliance krps.com

Post by planteria » Wed Jul 13 2022 4:34pm

Voting Email received.

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Re: Kent Reliance krps.com

Post by planteria » Thu Dec 08 2022 12:27pm

anyone have an update re Kent Reliance?
i still have a Bond floating around with them. are we still members of a mutual society with any assets?
i think not, but i've not received confirmation from them.
is there any real benefit in retaining an account with Kent Reliance?

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Re: Kent Reliance krps.com

Post by rayf » Thu Dec 08 2022 6:56pm

From the Kent Reliance website - the banking continues

"What exactly is the Kent Reliance Provident Society (KRPS)?

 

Kent Reliance Provident Society (KRPS) is a mutual organisation that was formed as part of the transfer in 2011 of Kent Reliance Building Society's business to OneSavings Bank plc (OSB). The membership of the former building society was transferred to KRPS while OSB, trading as Kent Reliance, krbs and Kent Reliance Banking Services, carries on the banking activities.
 

At the AGM of the Society on the 26th July 2022 the members agreed a proposal to wind up the Society, with its assets being transferred into a new charity the ‘Kent Reliance Community Foundation Limited. As a result it is no longer possible to apply to become a member of KRPS."

 

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