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Post by jevans4949 on Jan 6, 2023 0:13:13 GMT
When I log on to Ablrate, I get prompted to take the Appropriateness Test.
If I don't take it, will they send all my money back to me?
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easynow
Member of DD Central
Popcorn anyone?
Posts: 178
Likes: 147
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Post by easynow on Jan 6, 2023 6:33:49 GMT
I’m due to take it on A/C today, (I won’t be doing it) so we will have to wait and see
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ganymede
Member of DD Central
Posts: 299
Likes: 207
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Post by ganymede on Jan 6, 2023 15:19:41 GMT
I had this a while back, and just did the test, passed before, no problem passing it again.
Should have been removed, said nothing because it might been seen as a reason to add extra costs so not worth mentioning, test doesn't take that long.
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Post by jevans4949 on Jan 6, 2023 15:36:48 GMT
It's just the nonsense of doing the test when you can't invest any more money anyway.
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Post by Ace on Jan 6, 2023 17:09:46 GMT
There's no need to take the test. I just ignore it and scroll the page to see my account details below it. I can still see my loans and make withdrawals.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,008
Likes: 574
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Post by dave4 on Jan 6, 2023 17:20:16 GMT
There's no need to take the test. I just ignore it and scroll the page to see my account details below it. I can still see my loans and make withdrawals. I believe the test is only needed for investments and the like, as AC and Able are shut for investments, then its not necessary to take it.
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treeman
Member of DD Central
Posts: 1,026
Likes: 557
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Post by treeman on Jan 6, 2023 18:06:31 GMT
There's a good reason the test is still there. I contacted ABL to confirm the ISA flexibility as Tax Year end isn't so far away. The relevant bit (my bold):
"yes the IFISA remains flexible and you can redeposit funds and then transfer out. When you click on the "Deposit" icon and look on the following screen under "Amount", there is a link to "Check IFISA Allowance". You will likely be prompted to complete the Appropriateness Test - this unfortunately remains an FCA requirement despite the winddown.
We are waiving the transfer out fee for one transfer out per tax year."
An irritation maybe but if it's a hoop that has to be jumped through to get what I want, so be it.
At least it's clear - compare and contrast with AC......
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