|
|
Post by chris on Feb 14, 2018 14:46:07 GMT
Any news on the MLIA being available in the IFISA accounts? (Sorry, don't know how to tag anyone from assetz.) ^ Soon, perhaps by month end.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329 
Likes: 11,549
|
Post by ilmoro on Feb 23, 2018 15:54:03 GMT
MLIA ISA eligible from next week
|
|
|
|
Post by slumberingaccountant on Feb 23, 2018 17:13:25 GMT
MLIA ISA eligible from next week Just need a good flow of loans now. This week has been the slowest for a good while. The pipeline looks healthy though.
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
|
IFISA
Mar 6, 2018 20:08:00 GMT
Post by littleoldlady on Mar 6, 2018 20:08:00 GMT
Sent my ISA transfer form on 19/12 and still no cash arrived at AC. Is this grounds for a complaint? The sending party is Skipton Building Society. I have not heard that they are in trouble. Finally got a letter from Skipton today (dated 23rd) over a month after I sent my transfer form (to Asetz; don't know how long they held on to it). They needed on line confirmation as the account was originally opened on line and they don't have my signature on file to compare against the form. There must be a lot of people in this situation. Edit: Now 31st - 6 weeks after initiating transfer - and still no sign of funds. Edit: Now 11 weeks still waiting. I don't suppose either party will compensate me for the lost interest. Edit: The day after the previous edit they said they had finally received the cheque. I'm sure that is a coincidence. Now just a few more days for it to clear. Can they do it before 3 months is up?
|
|
cb25
Posts: 3,528
Likes: 2,668
|
Post by cb25 on Mar 7, 2018 13:51:49 GMT
|
|
coda
Posts: 21
Likes: 23
|
IFISA
Mar 7, 2018 14:28:00 GMT
via mobile
chris likes this
Post by coda on Mar 7, 2018 14:28:00 GMT
This a great and well deserved start!
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
|
IFISA
Mar 14, 2018 17:22:29 GMT
Post by littleoldlady on Mar 14, 2018 17:22:29 GMT
Finally got a letter from Skipton today (dated 23rd) over a month after I sent my transfer form (to Asetz; don't know how long they held on to it). They needed on line confirmation as the account was originally opened on line and they don't have my signature on file to compare against the form. There must be a lot of people in this situation. Edit: Now 31st - 6 weeks after initiating transfer - and still no sign of funds. Edit: Now 11 weeks still waiting. I don't suppose either party will compensate me for the lost interest. Edit: The day after the previous edit they said they had finally received the cheque. I'm sure that is a coincidence. Now just a few more days for it to clear. Can they do it before 3 months is up? Funds finally arrived 14/3/18 after transfer started on 19/12/17. Is this a record?
|
|
|
|
Post by slumberingaccountant on Mar 14, 2018 17:25:20 GMT
Funds finally arrived 14/3/18 after transfer started on 19/12/17. Is this a record? but just in time for the 1% bonus !
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
|
IFISA
Mar 14, 2018 22:40:50 GMT
Post by littleoldlady on Mar 14, 2018 22:40:50 GMT
Funds finally arrived 14/3/18 after transfer started on 19/12/17. Is this a record? but just in time for the 1% bonus ! Yes if it had arrived a few days earlier I would have missed out on the 0.27% (roughly) so that is some compensation.
|
|
|
|
Post by bobthebuilder on Apr 27, 2018 9:30:00 GMT
I had an e-mail from AC yesterday which read (in part):
"How do I transfer my ISA to Assetz Capital?
To transfer your ISA over to our platform you will need to contact your existing ISA provider. They will ask you to fill out an ISA transfer form to move your account"
Surely that's the wrong way round? I always thought it was the transferee institution that had to instigate the transfer.
|
|
ashtondav
Member of DD Central
Posts: 1,814
Likes: 1,092
|
IFISA
Apr 27, 2018 9:48:01 GMT
Post by ashtondav on Apr 27, 2018 9:48:01 GMT
You are correct. It is AC that has to initiate the process.
|
|
hantsowl
Member of DD Central
Posts: 672
Likes: 546
|
IFISA
Apr 27, 2018 10:15:58 GMT
Post by hantsowl on Apr 27, 2018 10:15:58 GMT
I had an e-mail from AC yesterday which read (in part): "How do I transfer my ISA to Assetz Capital? To transfer your ISA over to our platform you will need to contact your existing ISA provider. They will ask you to fill out an ISA transfer form to move your account" Surely that's the wrong way round? I always thought it was the transferee institution that had to instigate the transfer. I haven't gone through the process myself, but once you have your ISA setup the "Manage Funds" dropdown has a new option of "TRANSFER ISA" which seems to step through the process. You enter your existing manager details and I assume that AC will initiate the transfer once all is entered.
|
|
|
|
IFISA
Apr 27, 2018 10:29:03 GMT
Post by pedz14 on Apr 27, 2018 10:29:03 GMT
When the form has been completed you then have to print it off and sign it before posting it to AC. Upon receipt they will then forward it to your current provider. In my case, the Nationwide then sent a cheque back to AC. Overall the entire process took 4 weeks for me.
|
|
cb25
Posts: 3,528
Likes: 2,668
|
Post by cb25 on May 2, 2018 10:30:59 GMT
article www.p2pfinancenews.co.uk/2018/05/02/ifisa-millionaire-in-25-years/"PEER-TO-PEER investors could become Innovative Finance ISA (IFISA) millionaires within 25 years, research claims. Neil Faulkner, managing director of 4thWay, said this was a difficult but “potentially achievable” target, and involved investing in asset-backed and property focused platforms that tend to pay higher rates. “Asset-secured P2P lending sites, such as FundingSecure, MoneyThing and Assetz Capital, typically pay around 12 per cent after fees and before bad debts,” he said." --- Can't say I believe "Assetz Capital, typically pay around 12 per cent after fees and before bad debts”. AC's loan book (live loans) suggests 8% is more typical. |
|
nick
Member of DD Central
Posts: 1,056
Likes: 825
|
IFISA
May 2, 2018 18:23:33 GMT
cb25 likes this
Post by nick on May 2, 2018 18:23:33 GMT
article www.p2pfinancenews.co.uk/2018/05/02/ifisa-millionaire-in-25-years/"PEER-TO-PEER investors could become Innovative Finance ISA (IFISA) millionaires within 25 years, research claims. Neil Faulkner, managing director of 4thWay, said this was a difficult but “potentially achievable” target, and involved investing in asset-backed and property focused platforms that tend to pay higher rates. “Asset-secured P2P lending sites, such as FundingSecure, MoneyThing and Assetz Capital, typically pay around 12 per cent after fees and before bad debts,” he said." --- Can't say I believe "Assetz Capital, typically pay around 12 per cent after fees and before bad debts”. AC's loan book (live loans) suggests 8% is more typical. I don't think any of them net 12% after bad debts, except possibly FS as their average gross AER is towards 13%......
|
|
