NatWest-owned RBS Collective Investment Funds Limited (RBSCIFL) has migrated more than 700,000 child trust funds to SS&C Global Investor and Distribution Solutions (GIDS), within an extension of their ongoing supplier relationship.
The news was presented by SS&C in a press release last week, saying the supplier would consolidate over 800,000 RBSCIFL investor portfolios onto its single tech and servicing platform.
“RBSCIFL will introduce several new digital servicing channels following the migration, including a mobile-friendly CTF maturity process, the Digital Investor portal, mobile applications, webchat and secure messaging,” it stated.
Beside the child trust funds (CTG), the migration also included 36,000 individual svings accounts and 20,000 Junior Investor Savings Accounts (JISA).