iRobot
Member of DD Central
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Post by iRobot on May 28, 2021 19:44:27 GMT
As an addendum to the above the following is still* present when issuing an Invest instruction (my emphasis):
"Due to the current circumstances resulting from the Covid-19 pandemic, considerable ongoing uncertainty and operating outside normal market conditions, we are temporarily unable to assess, or confirm with any degree of confidence, the ongoing accuracy of published risk categories, loan to values, capital values, potential for default or loss. In making any decision to buy into a loan please take this into account and be mindful the additional risks of doing so during these turbulent times."
Possibly a bit of housekeeping that needs completing... or not. Seems, to me, to be a bit out of alignment with having removed the other message, though.
(* - I'm saying 'still' but I have no idea if that message has been there for yonks or whether it's new; I've never clicked the Invest button before.)
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iRobot
Member of DD Central
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Post by iRobot on Jun 7, 2021 15:39:01 GMT
A further change to some pages I continue to monitor with the addition of the following banner: " We are currently operating a queuing system for new investment into the Access Accounts and as a result your funds will be invested at a slower pace than usual. Click here to find out more." 'Click here' links to a new page: ' An important update regarding the Access Accounts' which has additional information including a link to (what I think is) a new resource: ' Automatic Operating Level' which attempts to answer the question: " How will I know what level the Access Accounts are operating at?" Edit: and now an email which, as far as I can see, replicates the info linked above. |
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Balder
Member of DD Central
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Post by Balder on Jun 7, 2021 16:28:48 GMT
Interesting that cash will also be automatically returned to access account and stop receiving interest!
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m2btj
Member of DD Central
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Post by m2btj on Jun 7, 2021 16:44:13 GMT
We all panicked to get our money out & now we can't get it in!
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rscal
Posts: 985
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Post by rscal on Jun 7, 2021 16:48:54 GMT
Yes, I just received.... '9.56%' [both standard and IFISA] of my holdings returned at 17.36 today
The new update says these new balances in 'cash' are already queued for reinvestment (so we don't have to take any action there) but I assume it's also immediately withdrawal-able from the platform.
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ferdy
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Post by ferdy on Jun 7, 2021 17:06:26 GMT
Yes, I just received.... '9.56%' [both standard and IFISA] of my holdings returned at 17.36 today
The new update says these new balances in 'cash' are already queued for reinvestment (so we don't have to take any action there) but I assume it's also immediately withdrawal-able from the platform.
Same here but I cannot see how to withdraw it from the platform. Senior moment ?
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rscal
Posts: 985
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Post by rscal on Jun 7, 2021 17:09:09 GMT
Yes, I just received.... '9.56%' [both standard and IFISA] of my holdings returned at 17.36 today
The new update says these new balances in 'cash' are already queued for reinvestment (so we don't have to take any action there) but I assume it's also immediately withdrawal-able from the platform.
Same here but I cannot see how to withdraw it from the platform. Senior moment ? You need to cancel the 'reinvestment' instructions before you can access the cash value. You do this by going up to instructions now listed above (on my screen) the balance summary for the AAs
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ferdy
Member of DD Central
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Post by ferdy on Jun 7, 2021 17:11:51 GMT
Same here but I cannot see how to withdraw it from the platform. Senior moment ? You need to cancel the 'reinvestment' instructions before you can access the cash value. You do this by going up to instructions now listed above (on my screen) the balance summary for the AAs Got it. Many thanks.
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Post by turton on Jun 7, 2021 17:15:20 GMT
We all panicked to get our money out & now we can't get it in! You and others may have panicked and queued , many more of us just sat back and let it all pass over.
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SteveT
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Post by SteveT on Jun 7, 2021 18:01:29 GMT
We all panicked to get our money out & now we can't get it in! You and others may have panicked and queued , many more of us just sat back and let it all pass over.
Whilst others opted to buy in at generous 8-10% discounts 😉
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Post by df on Jun 7, 2021 20:18:58 GMT
You and others may have panicked and queued , many more of us just sat back and let it all pass over.
Whilst others opted to buy in at generous 8-10% discounts 😉 It crossed my mind at the time, but I was too scared to increase my holdings.
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Post by Ton ⓉⓞⓃ on Jun 7, 2021 21:20:40 GMT
The idea for this "info" thread was inspired here So I'm moving any further comments there for any discussion
I'll move the above comments and any below ... in a day or two, when all have read it
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p2pfan
Member of DD Central
Full-Time Investor
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Post by p2pfan on Jun 7, 2021 22:09:08 GMT
100% of my substantial money has been booted out of 90DAA by AC this evening and I can't even reinvest £5 of it into any AA :-(
These AAs were supposed to be simple, straight-forward, stable investing, but AC certainly go out of their way to maximise volatility with their platform and maximum stress for their lenders.
The sharedealing platforms I use haven't had even 10% of the changes of AC - and AC may be interested to know that I've earned 400% more from my shares in the last year than through AC's stupid AAs.
One day AC state there's too little money, then there's too much money.
This shambolic state of affairs arises from gross mismanagement by AC and their extreme disdain for us retail lenders.
I will never forget how AC treated me this evening.
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dead-money
Rocket to the Moon
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Post by dead-money on Jun 8, 2021 7:19:41 GMT
100% of my substantial money has been booted out of 90DAA by AC this evening So, here's an interesting unintended consequence. Doesn't this mean that the 30 Day and 90 Day accounts are currently zero notice accounts? You can still withdraw from QAA to 30D or 90D instantaneously. When you want your money back, set a withdrawal request from the notice account and AC will kindly dump your money to the cash account immediately!
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SteveT
Member of DD Central
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Post by SteveT on Jun 8, 2021 7:49:49 GMT
100% of my substantial money has been booted out of 90DAA by AC this evening So, here's an interesting unintended consequence. Doesn't this mean that the 30 Day and 90 Day accounts are currently zero notice accounts? You can still withdraw from QAA to 30D or 90D instantaneously. When you want your money back, set a withdrawal request from the notice account and AC will kindly dump your money to the cash account immediately!Until AC announce normal conditions are resumed and normal 30/90 day notice periods apply again, at which point the moaning begins again. The problem lies in those trying to "game" the Access Accounts, eg. " I requested a withdrawal but I didn't really mean it. Now AC have waived the usual notice period and followed my instruction early  "
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