keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Apr 25, 2023 10:21:15 GMT
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agent69
Member of DD Central
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Post by agent69 on Apr 25, 2023 11:03:05 GMT
So this was a DC scheme where the company that administered the scheme went bust. I assume it's no different to the likes of Vanguard or HL going pop. Your underlying investments are secure and just get transfered to another provider.
Given the assets of the scheme are likely to be invested in standard srocks and shares, I would have thought it would be a lot easier to deal with, rather than liquidating a P2P platform.
I believe that if the provider of a DB scheme goes bust there is a government scheme that protects your money. Does anyone know if something similar applies to DC pots, or can the administrator dip into your pot to fund their work.
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michaelc
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Post by michaelc on Apr 25, 2023 12:21:13 GMT
Has it been bad for p2p borrowers too ?
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