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Post by honeybadger on Jul 13, 2021 6:57:56 GMT
Hello,
After the great 'reset', has anyone had any luck with their AA investment queues back into any of the products getting smaller - actually achieving any investment? I've had nothing happen - we hearing anything about loans or no dice? Just trying to work out if I should pull my ISA out and move it to vanguard or something. I've got about 10% of my ISA here doing nothing.
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Post by investor1925 on Jul 13, 2021 8:09:17 GMT
I've just pulled all my un-invested cash out this morning. Intend to put it somewhere where it will do some good.
C'mon AC, digitum extractum, else this will continue
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Post by overthehill on Jul 13, 2021 8:15:29 GMT
I've just pulled all my un-invested cash out this morning. Intend to put it somewhere where it will do some good. C'mon AC, digitum extractum, else this will continue I might be off course here like a rebel salmon but I think we're plankton and they have bigger fish to fry.
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Steerpike
Member of DD Central
Posts: 1,977 
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Post by Steerpike on Jul 13, 2021 9:21:58 GMT
Sent another transfer request this morning to Loanpad for the idle cash on Assetz.
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Post by closetotheedge on Jul 13, 2021 10:13:24 GMT
We're a few weeks in now with no movement so I'm giving up waiting. I've got £25k sitting waiting so tomorrow it's off elsewhere. It seems a shame but with no updates, news or hints from AC I'm bored of waiting.
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iRobot
Member of DD Central
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Post by iRobot on Jul 20, 2021 13:19:16 GMT
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Post by Ton ⓉⓞⓃ on Jul 20, 2021 18:14:03 GMT
There's a handful of mentions of AC on the BBB site that link to AC's now defunct CBILS pages, when you arrive at those defunct CBILS pages on AC they make no mention that there's a similar loan replacement*. I wonder if AC's CBILS page can be adapted to mention or link to RLS?
*If you ignore the small print footer. Finally, the CBILS page does suggest an alternative but not the RLS
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ashtondav
Member of DD Central
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Post by ashtondav on Jul 21, 2021 13:21:25 GMT
Damned irritating, as I’ve now got a large sum I want to go into p2p and I’d like to split it AC and LP. I really struggle to understand why AC will not reveal either their intentions or their plans.
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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
Posts: 11,315
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Post by ilmoro on Jul 21, 2021 15:46:53 GMT
Damned irritating, as I’ve now got a large sum I want to go into p2p and I’d like to split it AC and LP. I really struggle to understand why AC will not reveal either their intentions or their plans. Thought they had. Their intention is to resume lending via the AA, their plan is to do it as fast as they can get loans signed off, but they are going to deal with all the CBILS stuff first. Given the current horlicks they seem to be regularly making currently of even paying interest to MLA lenders correctly I think Id prefer them to get the bout of incompetence out of their system before they really start churning out loans. 
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ashtondav
Member of DD Central
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Post by ashtondav on Jul 21, 2021 15:54:40 GMT
Well, yes ok. But new CBIL applications ended end March. Four months ago!
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dermot
Member of DD Central
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Post by dermot on Jul 22, 2021 19:28:25 GMT
I've made this years ISA investment elsewhere, with still a decent chunk in AC ISA, some no longer in QAA but moved to the frozen queue for reinvestment.
I suppose I should look up formal guidance before doing anything, but if I extract some of that orphan cash to a conventional bank account, am I permitted to slip it back into AC ISA later in the tax year should prospects improve?
Or is it lost to ISA forever, since I'm already maxed out for an ISA elsewhere this year.
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Post by Ace on Jul 22, 2021 19:47:01 GMT
I've made this years ISA investment elsewhere, with still a decent chunk in AC ISA, some no longer in QAA but moved to the frozen queue for reinvestment. I suppose I should look up formal guidance before doing anything, but if I extract some of that orphan cash to a conventional bank account, am I permitted to slip it back into AC ISA later in the tax year should prospects improve? Or is it lost to ISA forever, since I'm already maxed out for an ISA elsewhere this year. Yes you can replace funds in the same tax year because its flexible. See here for a discussion on it.
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Post by df on Jul 23, 2021 0:57:10 GMT
Hello, After the great 'reset', has anyone had any luck with their AA investment queues back into any of the products getting smaller - actually achieving any investment? I've had nothing happen - we hearing anything about loans or no dice? Just trying to work out if I should pull my ISA out and move it to vanguard or something. I've got about 10% of my ISA here doing nothing. I've pulled everything allocated to queues as soon as this new feature kicked in. Not much point keeping funds in queues unless you know the length of the queue and content with it or you have no choice because your funds are locked.
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sl75
Posts: 2,092
Likes: 1,245
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Post by sl75 on Jul 24, 2021 21:08:08 GMT
Hello, After the great 'reset', has anyone had any luck with their AA investment queues back into any of the products getting smaller - actually achieving any investment? I've had nothing happen - we hearing anything about loans or no dice? Just trying to work out if I should pull my ISA out and move it to vanguard or something. I've got about 10% of my ISA here doing nothing. I've pulled everything allocated to queues as soon as this new feature kicked in. Not much point keeping funds in queues unless you know the length of the queue and content with it or you have no choice because your funds are locked. For QAA and 30DAA I did the same, but the £0.09 queuing to try and stay in the 90DAA since 07/06/2021 18:49 is still there queued and untouched - I prefer to leave that there, as if it ever does reach the front of the queue, it'll be the easiest way to return the total investment in that account to precisely £1 (which slightly simplifies ad-hoc loan book analysis).
One useful thing to know is that transfers directly from the QAA to the 30DAA/90DAA bypass the queue. I personally used this effect to top up the 30DAA to its intended investment level using some of the funds invested in the QAA when cancelling the re-investment instructions. All my QAA and 30DAA investment were essentially intended as "temporarily holding excess funds until the loan pipeline gets unblocked".
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Post by df on Jul 24, 2021 22:32:13 GMT
I've pulled everything allocated to queues as soon as this new feature kicked in. Not much point keeping funds in queues unless you know the length of the queue and content with it or you have no choice because your funds are locked. For QAA and 30DAA I did the same, but the £0.09 queuing to try and stay in the 90DAA since 07/06/2021 18:49 is still there queued and untouched - I prefer to leave that there, as if it ever does reach the front of the queue, it'll be the easiest way to return the total investment in that account to precisely £1 (which slightly simplifies ad-hoc loan book analysis).
One useful thing to know is that transfers directly from the QAA to the 30DAA/90DAA bypass the queue. I personally used this effect to top up the 30DAA to its intended investment level using some of the funds invested in the QAA when cancelling the re-investment instructions. All my QAA and 30DAA investment were essentially intended as "temporarily holding excess funds until the loan pipeline gets unblocked".
This is one of the features I like about AC model - you can invest or trade from as little as 1p  My 90DAA used to be the largest share of my AC pot, but it has been down to zero since the queue to get out was released. I've used QAA for swept cash and abandoned it when the feature stopped, but recently put a little bit there to feed MLA as withdrawals were instant - then the rules changed... has been lots of changes on AC since I've signed up, hard to keep up with them. This is my account breakdown for today: Manual - 71.7% 30D - 11.2% Green - 8.6% QAA - 5.6% Great MKI - 2.4% My AC holding has decreased by 1/3 since Feb 2020.
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