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Post by df on Oct 21, 2019 21:20:30 GMT
I have a tiny amount of money showing as available, but on the transaction list it is called "withdrawal reversal" ie it's the same as the last withdrawal I made before they shut up shop. I have no idea why that amount has been credited. They are not accepting a withdrawal request in any case. Suggests to me that that it is in a process. We'll probably get a notification e-mail some time this week and be able to withdraw what's available. In my case 69p 
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sl75
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Post by sl75 on Oct 22, 2019 13:18:40 GMT
I have a tiny amount of money showing as available, but on the transaction list it is called "withdrawal reversal" ie it's the same as the last withdrawal I made before they shut up shop. I have no idea why that amount has been credited. They are not accepting a withdrawal request in any case. Suggests to me that that it is in a process. We'll probably get a notification e-mail some time this week and be able to withdraw what's available. In my case 69p It should be more than 69p...
As stated on October 4th: "Currently c£11 m awaiting distribution is held within the client account and we anticipate within the next 21 days these balances will be allocated to your investor account. These balances will be allocated to your investor account prior to the withdrawal system going live."
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Garage246
Member of DD Central
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Post by Garage246 on Oct 23, 2019 8:20:33 GMT
Suggests to me that that it is in a process. We'll probably get a notification e-mail some time this week and be able to withdraw what's available. In my case 69p It should be more than 69p...
As stated on October 4th: "Currently c£11 m awaiting distribution is held within the client account and we anticipate within the next 21 days these balances will be allocated to your investor account. These balances will be allocated to your investor account prior to the withdrawal system going live."
So if RSM are going to stick to their timetable we should see any loan repayment funds, such as DFL012 and PBL103 credited back to accounts today, tomorrow or Friday... It would be really nice if RSM manage to stick to their timing on this.
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sl75
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Post by sl75 on Oct 23, 2019 8:45:02 GMT
So if RSM are going to stick to their timetable we should see any loan repayment funds, such as DFL012 and PBL103 credited back to accounts today, tomorrow or Friday... It would be really nice if RSM manage to stick to their timing on this. I suppose that depends whether they meant calendar days or working days...!
It's certainly on schedule for being next in sequence after reversing the incomplete withdrawals.
There's also the matter of interest for the loans that were (and in some cases are) still performing, as well as further repayments / recoveries that are being held on account somewhere from after the administration started.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 29, 2019 11:47:22 GMT
Banner update
'Our intention is to allow withdrawal requests to be reinstated as of the close of business on Wednesday 30th October 2019. Thank you for your cooperation in this matter.'
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Post by brightspark on Oct 30, 2019 14:19:27 GMT
Just submitted a withdrawal request which has been actioned. Message says transfer to take 5 days.
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quidco
Member of DD Central
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Post by quidco on Oct 30, 2019 16:01:30 GMT
Just submitted a withdrawal request which has been actioned. Message says transfer to take 5 days. Yes it's working, I suggest everyone goes in and gets what's theirs...
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Post by banffy on Nov 2, 2019 12:31:27 GMT
Has anyone ever invested into Fixed Rate Income Bonds? I'm looking at AM investment services which are covered by FSCS up to £85k, Fixed term from between 1-5 years covered by FCA offering rates of between 4,76% - 6.75% does this seem any good? If anyone has info or a good understanding does this look ok? I have copied the link below but not sure if I can trust what I see these days so any input would be great.
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r00lish67
Member of DD Central
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Post by r00lish67 on Nov 2, 2019 12:39:55 GMT
Has anyone ever invested into Fixed Rate Income Bonds? I'm looking at AM investment services which are covered by FSCS up to £85k, Fixed term from between 1-5 years covered by FCA offering rates of between 4,76% - 6.75% does this seem any good? If anyone has info or a good understanding does this look ok? I have copied the link below but not sure if I can trust what I see these days so any input would be great.
TLDR; You cannot get FSCS returns of 4.76 - 6.75%, that really is the end of the story. Longer version: It is notable that these guys claim to be FSCS protected but quote no registration number to check. Other warning signs include the fact that clicking on T's and C's or their privacy policy seems to just return you to the top of the page. Edit: Oh, and their blurb is awfully written too, another big red warning light. "Set up to introduce savers to the very best products which happens to be excluded from many an investors portfolio. We prefer savers and investors To pick and choose from the top of the barrel , instead of expecting to pick from the bottom , when it comes to fixed rate returns. Banks with there inhouse retail offers paying less than or just over base rate is what most savers would consider in offer. Banks will often not introduce savers to higher rated product, if (1) they can get away with offering lower rates and (2) If the products are not in-house there is no motive to introduce you to them.
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elsee
Member of DD Central
Retired:D
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Post by elsee on Nov 2, 2019 12:43:43 GMT
Has anyone ever invested into Fixed Rate Income Bonds? I'm looking at AM investment services which are covered by FSCS up to £85k, Fixed term from between 1-5 years covered by FCA offering rates of between 4,76% - 6.75% does this seem any good? If anyone has info or a good understanding does this look ok? I have copied the link below but not sure if I can trust what I see these days so any input would be great.
They are just a broker. Interest rates are true, you can check them out, they show Tesco Corporate bonds as an example.
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r00lish67
Member of DD Central
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Post by r00lish67 on Nov 2, 2019 12:44:47 GMT
Has anyone ever invested into Fixed Rate Income Bonds? I'm looking at AM investment services which are covered by FSCS up to £85k, Fixed term from between 1-5 years covered by FCA offering rates of between 4,76% - 6.75% does this seem any good? If anyone has info or a good understanding does this look ok? I have copied the link below but not sure if I can trust what I see these days so any input would be great.
They are just a broker. Interest rates are true, you can check them out, they show Tesco Corporate bonds as an example. They ain't FSCS protected though, are they? Given a 30 second inspection of their offering I wouldn't deal with these "brokers" in any way whatsoever. edit: Just read what they're actually saying. It's not even in English: "About us: We have fully FSCA Capital Secure Investments with variable paying dividends" Edit: Full MSE thread pointing out all of this and more : forums.moneysavingexpert.com/showthread.php?p=76018375
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elsee
Member of DD Central
Retired:D
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Post by elsee on Nov 2, 2019 12:52:44 GMT
They are just a broker. Interest rates are true, you can check them out, they show Tesco Corporate bonds as an example. They ain't FSCS protected though, are they? Given a 30 second inspection of their offering I wouldn't deal with these "brokers" in any way whatsoever. Probably should have clarified "they are just a broker" with the addition of "find a broker you trust yourself"
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Post by banffy on Nov 2, 2019 12:54:24 GMT
When I click on Ts & Cs just brings me back to the top of the page. Does anybody know of Fixed Rate Bonds with a decent rate for say mabe 2 year bond? Not sure I want to lose any more money on something dodgy. Other than the web above I can only see rates with other sites offering 2% which is not good.
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r00lish67
Member of DD Central
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Post by r00lish67 on Nov 2, 2019 12:57:05 GMT
When I click on Ts & Cs just brings me back to the top of the page. Does anybody know of Fixed Rate Bonds with a decent rate for say mabe 2 year bond? Not sure I want to lose any more money on something dodgy. Other than the web above I can only see rates with other sites offering 2% which is not good. Stick to MSE like glue. It's updated every day. www.moneysavingexpert.com/savings/savings-accounts-best-interest/Unfortunately, 2% is as good as it gets at the moment, and only 1.8% ish for 1 year. My personal favourite at the moment (mentioned on MSE above) is the Investec Plus account. 1.8% but not tied in except for a 90d notice, so if rates do ever recover then you can switch out in fairly short order. Downside is that the rate might not last of course.
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sussexlender
Member of DD Central
Cheat seeking missile
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Post by sussexlender on Nov 2, 2019 13:00:40 GMT
Hi r00lish67
Many thanks for your detailed warnings and assistance. Very helpful.
Best wishes, SXLR
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