corto
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Post by corto on Jun 19, 2021 8:39:26 GMT
Got this from Abundance yesterday. FCA is trying to get opinions from investors (all levels) about p2p and other crowdfunding.
The questions assess people's risk perception about different instruments in the field, where they invest, etc. They also try to find out if people would be happy with stronger access restrictions and which (better warnings, entrance tests, ..)
It seems all providers have been asked to feedback to FCA on this. Don't know how others will deal with this or have already started.
Best
C
Abundance and the UK Crowdfunding Association would like to hear your views on crowdfunding
The Financial Conduct Authority (FCA) have asked financial services companies to provide feedback about the rules and regulations which govern all regulated investment firms. The UK Crowdfunding Association (of which Abundance Investment is a founder member & director) have asked members to survey all of their customers so they can provide first hand feedback on how real investors feel about crowdfunding and peer to peer lending.
The survey covers a number of different topics relating to how satisfied you are with the services provided by crowdfunding and P2P lending platforms, the processes which platforms use to help customers understand the risks of investments, and questions to help us understand your general attitudes to making investments.
The survey should take 10 minutes to complete, and all responses will be entirely confidential.
<link to questionnaire on Crowdfunding Association Site>
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Post by Ace on Jun 19, 2021 9:18:39 GMT
I received the same from a couple of different sources; Qardus and AxiaFunder.
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iRobot
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Post by iRobot on Jun 19, 2021 12:42:06 GMT
Also received; mine was from Rebs. Kinda surprised there doesn't appear to be anything on the UKCFA website itself. The generic link to the survey appears to be: www.surveymonkey.co.uk/r/ZZ9YRTT (Would be interested if anyone has anything different. This one from Rebs only works the once in a single browser regardless of IP address but does allow multiple participations across different browsers and this leads me to believe it's generic.) For those just interested in the questions, I've attached some links to screen grabs of all the ones I was asked. It does map progress as 'xx of 29' but I was only asked the ones shown. I'm guessing a different set of questions is presented depending on how Q15 is answered. link1 link2 link3   |
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Post by df on Jun 19, 2021 17:12:53 GMT
Also received; mine was from Rebs. Kinda surprised there doesn't appear to be anything on the UKCFA website itself. The generic link to the survey appears to be: www.surveymonkey.co.uk/r/ZZ9YRTT (Would be interested if anyone has anything different. This one from Rebs only works the once in a single browser regardless of IP address but does allow multiple participations across different browsers and this leads me to believe it's generic.) For those just interested in the questions, I've attached some links to screen grabs of all the ones I was asked. It does map progress as 'xx of 29' but I was only asked the ones shown. I'm guessing a different set of questions is presented depending on how Q15 is answered. link1 link2 link3 Got this one from Rebs yesterday. The list in section 9 is rather short. I wonder what criteria they've used for platform selection.
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corto
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Post by corto on Jun 19, 2021 19:52:30 GMT
I have added a list of other platforms in that underrepresented section.
Later, after submission, I thought it might have been good to add a link to the pages at this forum instead
Not sure what the selectivity means - suspectedly p2p has never been much in the scope of the FCA? Osborne may have pushed it as an individual.
Yet, the questionnaire provides an opportunity to express personal opinions. That's why I brought it up.
There are some boxes for personal opinions that may reach FCA officials.
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iRobot
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Post by iRobot on Jun 19, 2021 20:01:27 GMT
Got this one from Rebs yesterday. The list in section 9 is rather short. I wonder what criteria they've used for platform selection. Seemingly all UKCFA members: www.ukcfa.org.uk/about-us/members/Which figures; it's a UKCFA survey so an opportunity to highlight its membership - a couple on there I don't recall hearing of before and may do some digging (but probably not).
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iRobot
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Post by iRobot on Jun 19, 2021 20:11:41 GMT
There are some boxes for personal opinions that may reach FCA officials. Well I certainly hope my response to Q24 reaches the FCA. Lock'n'load everybody... Lock. And. Load.   
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Post by df on Jun 19, 2021 21:09:34 GMT
Got this one from Rebs yesterday. The list in section 9 is rather short. I wonder what criteria they've used for platform selection. Seemingly all UKCFA members: www.ukcfa.org.uk/about-us/members/Which figures; it's a UKCFA survey so an opportunity to highlight its membership - a couple on there I don't recall hearing of before and may do some digging (but probably not). The same, some of them I've never heard of.
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Jun 19, 2021 21:27:17 GMT
The FCA needs to compensate Collateral lenders in full and pay for the administration costs of all platforms that have inadequate funds to wind down loan books. Until that happens, they have no credibility whatsoever. None of the platforms in administration warned lenders that the cost of platform failure falls on lenders.
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Post by df on Jun 19, 2021 21:34:09 GMT
There are some boxes for personal opinions that may reach FCA officials. Well I certainly hope my response to Q24 reaches the FCA. Lock'n'load everybody... Lock. And. Load. Mine wasn't as violent, but I have mentioned Lendy's full authorisation as a failure FCA should learn from  I doubt our responses to Q24 will be part of generating any data, just an opportunity to get it off chest.
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bernythedolt
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Post by bernythedolt on Jun 21, 2021 23:06:15 GMT
Q25. Do I trust a survey company whose QA is lax enough to ask the same question in duplicate? I'd love to know how many respondents submit a different answer to identical questions 17 and 18...  |
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rocky1
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Post by rocky1 on Jun 22, 2021 8:55:14 GMT
The FCA needs to compensate Collateral lenders in full and pay for the administration costs of all platforms that have inadequate funds to wind down loan books. Until that happens, they have no credibility whatsoever. None of the platforms in administration warned lenders that the cost of platform failure falls on lenders. also regular AML checks on directors and KYP [know your platform] unfair T&Cs that allow loans to continue earning platform fees,interest,default interest,etc long after default and administration.FCA should ensure investors are protected against these sort of shenagans where platforms are using their legal beagles to shaft investors right to the end.there is no way that all this money should be given to platforms ahead of investors who have already suffered heavy losses of capital never mind interest/default interest in some cases for 4/5/6 years. these wind down plans seem to mean nothing and the FCA should make sure that their authorised and regulated companies T&Cs are not to the detriment of lenders/investors. P2P certainly needs a good looking at by the FCA/GOVERNMENT who are encouraging ordinary people to part with savings/pensions etc into these little known fintech firms who talk the talk while things are going well for them and just call in administrators when the sh*t hits the fan. fully audited and on time accounts should also be a FCA requirement for these firms who are dealing with hundreds of millions of pounds of ordinary peoples monies and in many cases their future financial wellbeing.
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I doubt our responses to Q24 will be part of generating any data, just an opportunity to get it off chest. 
