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Post by nickrebuildings on Oct 17, 2014 8:41:04 GMT
The Government is asking for responses to its consultation on peer-to-peer lending and NISAs by 12 December. Please feel free to post your views on what you would like to see from this new move. We're particularly interested in hearing from anyone with prior experience of managing ISAs on the challenges likely to arise.
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Post by Deleted on Oct 17, 2014 11:27:44 GMT
Hi Nick!
It's going to be a lot of paperwork. Jay Tikam will most likely already know what's coming and be able to absorb most of the hazards.
In a nutshell, you're going to have to find out which lenders are using REBS as part of their ISAs.
Depending on which way the beloved regulator jumps, you might find yourselves having to ask tickbox-based questions every time someone sells a microloan, since this could (depending on which way the wind blows and the whim of the Person Who Knows Best who happens to be in charge that year) be deemed a withdrawal.
Wouldn't life be simpler if we just had private property rights and kept what we earned?
All the best with it though: you didn't initiate this change but as always you'll be blamed if it doesn't go perfectly. Our wise masters are being kind giving us back our own money so of course people have to be threatened with jail time!!!
Greg
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ianb
Posts: 161 
Likes: 54
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Post by ianb on Oct 18, 2014 18:26:39 GMT
Nick - theres a long thread on this subject under the General P2P Discussions part of this forum, you may want to check that out.
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