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Post by supernumerary on Apr 24, 2018 14:19:32 GMT
I logged in today and discovered I couldn't tick any of them. Fortunately you can "skip" Thankfully Lendy have seen the sense of providing that 'skip' option. TBH, I would be unsure which one to tick and to my knowledge, no other P2P Lending Site that I have joined, is asking these questions.  I am not against an optional questionnaire from Lendy, if it helps them. I am just glad, I can chill out on this matter. 
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elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
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Post by elliotn on Apr 24, 2018 16:15:03 GMT
I logged in today and discovered I couldn't tick any of them. Fortunately you can "skip" Thankfully Lendy have seen the sense of providing that 'skip' option. TBH, I would be unsure which one to tick and to my knowledge, no other P2P Lending Site that I have joined, is asking these questions. I am not against an optional questionnaire from Lendy, if it helps them. I am just glad, I can chill out on this matter. I think it was required for MI which I believe does not have p2p permission and for LI when they pulled their application. I didn't invest on MI and stopped on LI as I defy categorisation.
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Post by gaspilot on Apr 24, 2018 19:01:01 GMT
I have a shedload (for me) invested in Lendy that I can't get out of.
It matters not which option I choose as I shall not be investing further.
The easiest option is the 'retail investor' so that is what I have chosen. Am I correct? I've no idea but it is academic.
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sl75
Posts: 2,092 
Likes: 1,245
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Post by sl75 on Apr 26, 2018 12:05:53 GMT
I have a shedload (for me) invested in Lendy that I can't get out of. It matters not which option I choose as I shall not be investing further. The easiest option is the 'retail investor' so that is what I have chosen. Am I correct? I've no idea but it is academic. The easiest option is just to ignore the page and click on one of the links in the page header instead... working for me every time so far. I heard that for people who've scrolled all the way to the bottom of the page there's a "skip" link, but that seems far too much effort!
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sl75
Posts: 2,092
Likes: 1,245
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Post by sl75 on Jun 11, 2018 8:55:20 GMT
I logged in today and discovered I couldn't tick any of them. Fortunately you can "skip" None apply to me since I have far more than 10% of my net assets in p2p so I will be clicking skip every time. I see that this morning, Lendy have removed the option to skip that page (I'm not sure whether the explicit skip link was removed before today, as I since my previous post above, I never scrolled down to look for it). I have far more than 10% invested in stuff that may not be readily realisable, so cannot sign a statement restricting me to such a low level of investment, and Lendy have not adequately explained what rights I may be giving up by signing one of the other statements even if I can find an interpretation of one of the statements that permits me to sign it ("I have made more than one investment in an unlisted company in the two years prior to the date below" seems the easiest to interpret in a manner that lets pretty much anyone who's had non-trivial involvement in P2P sign). In the weeks since this was last discussed above, has anyone else figured out what rights you're waiving by signing one of the "sophisticated" options, or what the repercussions would be of signing a statement that you will not invest more than 10% when in fact you already have more than 10% invested?
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Post by ladywhitenap on Jun 11, 2018 8:58:56 GMT
None apply to me since I have far more than 10% of my net assets in p2p so I will be clicking skip every time. I see that this morning, Lendy have removed the option to skip that page (I'm not sure whether the explicit skip link was removed before today, as I since my previous post above, I never scrolled down to look for it). I have far more than 10% invested in stuff that may not be readily realisable, so cannot sign a statement restricting me to such a low level of investment, and Lendy have not adequately explained what rights I may be giving up by signing one of the other statements even if I can find an interpretation of one of the statements that permits me to sign it ("I have made more than one investment in an unlisted company in the two years prior to the date below" seems the easiest to interpret in a manner that lets pretty much anyone who's had non-trivial involvement in P2P sign). In the weeks since this was last discussed above, has anyone else figured out what rights you're waiving by signing one of the "sophisticated" options, or what the repercussions would be of signing a statement that you will not invest more than 10% when in fact you already have more than 10% invested? I'm in the same position and have requested to support that they add a "none of the above" option. LW
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Post by supernumerary on Jun 11, 2018 9:51:36 GMT
I see that this morning, Lendy have removed the option to skip that page (I'm not sure whether the explicit skip link was removed before today, as I since my previous post above, I never scrolled down to look for it). I'm in the same position and have requested to support that they add a "none of the above" option. LW I logged on early and ‘skippy’ was still there…  Seems like Lendy decided this morning to DEMAND investors reply, by discontinuing the ‘opting out’ route… 
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ptr120
Member of DD Central
Posts: 1,202
Likes: 1,350
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Post by ptr120 on Jun 11, 2018 10:15:16 GMT
Lendy Support since you've removed the 'skip' option I can no longer log in to my account. None of the options as described on your site apply to me - even your definition of a retail investor. Please can you add a box for none of the above, or reinstate the 'skip' option? I, and others here would also like to know why this has been introduced in the first place. No other platform that I use have introduced similar steps.
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Post by supernumerary on Jun 11, 2018 10:32:21 GMT
These posts I have linked below caught my attention on this thread and IMHO, seem to give good advice…  These relate to how much care lendy has to take when dealing with you starting with retail “I really don’t think this investment is for you” and ending with institutional client - “Yeah we screwed you, and there ain’t anything you can do about it!” Personally I’m going for retail. Why would I want to give up valuable rules designed to protect me? I would suspect everyone is going to be a retail client ... the question being asked is what kind of retail client There is an option under FCA regs to be considered an elective professional client. Anyone with a relevant background in finance (and particularly if they are FCA regulated) with the required capital could ask to fit into that category if they wished and the counterparty was willing. I've asked and been given this status when doing bridge lending with some lenders that are only willing to face professional counterparties (examples: West One Secured Finance or some private banks). I agree, however, that this question is essentially assuming you will be a retail client. Unless you feel a need, it's better to go for retail or retail HNW rather than retail sophisticated. |
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Post by Paul70 on Jun 11, 2018 14:39:08 GMT
Dear ladywhitenap ptr120 supernumerary samford71Our IT team are aware of a technical issue that is affecting a small number of users at the point of login. The issue has been caused by an upgrade over the weekend which has led to this issue for a minority of users. This issue will be resolved by 17.00 today. Paul64Many thanks The Lendy Team |
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Post by supernumerary on Jun 11, 2018 15:09:12 GMT
Dear ladywhitenap ptr120 supernumerary samford71 Our IT team are aware of a technical issue that is affecting a small number of users at the point of login. The issue has been caused by an upgrade over the weekend which has led to this issue for a minority of users. This issue will be resolved by 17.00 today. Paul64 Many thanks The Lendy Team Thank you for explaining the problem and acknowledging some of the concerns. Much appreciated.
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Post by Paul70 on Jun 11, 2018 15:21:13 GMT
Dear all. Please be advised that this temporary IT issue has been resolved and there should now be no login issues. As previously advised there is no mandatory requirement to categorise as an investor type and the skip function is working as it was designed to. Thank you for your patience. Paul64Many thanks The Lendy Team |
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