FNB Share Investing

Letter received from Sebastian Pillay, FNB Share Investing on 12 September advising that the FNB Growth Fund was being closed because,' become economically unfeasible'. It was therefore, 'in the customers best interest' to close the fund. Not one mention of apology nor interest in the customer. Just a unilateral decision to close and sell effective on 20 October when the market had taken a considerable decline and to generate a CGT event whether you like it or not. I logged a complaint on 31 October on Online Banking. No response received to date. As at today's date funds have not been paid out to me. This tantamount to *****. First RMB Unit Trusts were shipped off to Momentum, now FNB Growth Fund closed, what next for Ashburton. Will be interesting to hear what the Banking OBS has to say.