benaj
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Post by benaj on May 10, 2019 12:38:00 GMT
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ozboy
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Post by ozboy on May 10, 2019 12:45:06 GMT
Nothing. FSCS protection does not cover P2P, you're on yer we're on our own. benaj
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benaj
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Post by benaj on May 10, 2019 12:48:24 GMT
ozboy, I would have thought FSCS would not cover LC&F "Investments into the LC&F bond are not protected by the Financial Services Compensation Scheme (FSCS)." But I wonder the what reasons behind for such consideration.
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ilmoro
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Post by ilmoro on May 10, 2019 12:54:04 GMT
ozboy , I would have thought FSCS would not cover LC&F "Investments into the LC&F bond are not protected by the Financial Services Compensation Scheme (FSCS)." But I wonder the what reasons behind for such consideration. I assume they are considering whether there was any advice in the promotion of the bonds which would be a regulated activity and FSCS covered.
P2P would be covered in the same way.
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zlb
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Post by zlb on May 10, 2019 21:26:05 GMT
Might be a niaive question, but given that some p2p platforms offer what sound like bonds, this is from the article link in previous post, "The P2P lending industry has been quick to distance itself from mini-bonds, arguing they are much riskier than P2P loans.", how does one tell the difference between one and the other?
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