littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
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Post by littleoldlady on Apr 28, 2016 15:29:46 GMT
Sorry everyone. A development idea went live a bit early by accident. Being undone now. Will communicate the idea if and when we are ready in order to give everyone time to adjust. And an excellent idea it is. Implement as soon as you like IMO.
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mack
Posts: 85 
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Post by mack on Apr 28, 2016 15:32:02 GMT
I check in on the forum as usually find out something about loans or platform changes as SS cannot be bothered to email investors or let them know what is going on.
SS is my favoured platform by a long stretch but this takes the biscuit with regards to communication. Sorry SS this is just shocking. No email , no warning. Not everyone uses the forum. I will start to consider any further investment carefully now.
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Investboy
Member of DD Central
Trying to recover from P2P revolution
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Post by Investboy on Apr 28, 2016 15:32:52 GMT
I think first step towards removal of INPL and making SS FSA compliant...
Will be sad if it goes although 7 days limit is fine with me. After recent SM surplus I'm keeping a bit of spare cash on the platform for next loan part.
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goopy
Member of DD Central
Posts: 307
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Post by goopy on Apr 28, 2016 15:34:34 GMT
I check in on the forum as usually find out something about loans or platform changes as SS cannot be bothered to email investors or let them know what is going on. SS is my favoured platform by a long stretch but this takes the biscuit with regards to communication. Sorry SS this is just shocking. No email , no warning. Not everyone uses the forum. I will start to consider any further investment carefully now. There was no warning because it was an accident on their part...
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Post by dodgeydave on Apr 28, 2016 15:34:49 GMT
I also think it would be a good idea.
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star dust
Member of DD Central
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Post by star dust on Apr 28, 2016 15:36:03 GMT
Well indeed, bug it seems it was as it's all back to normal for me now, everything's saleable!
In Edit: Oops missed the SS post, I have few objections to it if they do implement, as long as we get prior warning!
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goopy
Member of DD Central
Posts: 307
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Post by goopy on Apr 28, 2016 15:37:32 GMT
I think first step towards removal of INPL and making SS FSA compliant... Will be sad if it goes although 7 days limit is fine with me. After recent SM surplus I'm keeping a bit of spare cash on the platform for next loan part. I really hope they don't remove INPL, It's one of the most appealing things about this site.....
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Post by meledor on Apr 28, 2016 15:38:29 GMT
Sorry everyone. A development idea went live a bit early by accident. Being undone now. Will communicate the idea if and when we are ready in order to give everyone time to adjust. And an excellent idea it is. Implement as soon as you like IMO.
Whether it is an excellent idea I'm not sure I haven't yet thought it through. But there are bugs in how it works - for instance I already had more than sufficient funds in my account at the time for my allocation for PBL092 yet it is shown as "Not eligible for sale" which doesn't sound right.
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Jeepers
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Post by Jeepers on Apr 28, 2016 15:40:18 GMT
If it wasn't for INPL, I wouldn't have used SS. I bought a few loan parts and tested the site to the point where I felt comfortable to transfer money in. If the INPL goes I reckon growth would be massively impacted.
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Post by Deleted on Apr 28, 2016 15:40:52 GMT
Sorry everyone. A development idea went live a bit early by accident. Being undone now. Will communicate the idea if and when we are ready in order to give everyone time to adjust. Personally, I love the idea (why change it back; just leave it as it is)... More importantly you have given me an excuse to set up a new poll... Agree it's a good development, let's see if others agree, new poll required. If it's widely backed SS will be more inclined to implement sooner rather than later.
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dovap
Member of DD Central
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Post by dovap on Apr 28, 2016 15:43:47 GMT
can't see why removing flexibility in buy/sell is considered good.
Still if that's the route hey ho - just need to lose the INPL at the same time and be done with it.
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awk
Posts: 276
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Post by awk on Apr 28, 2016 15:47:41 GMT
I think that it needs more working through as an idea...
If I try and buy £1000 but end up with 1p, do I have to keep it for a week?
If I suddenly need to withdraw a large proportion of my holdings to pay an unexpected bill?
If I can't sell something, do I just keep a negative balance and SS sell it for me?
Personally, when putting new money in, I am often forced to buy a lot of a single loan to get the money in and then sell down as other things come up - I think that this is totally legit.
etc, etc.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
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Post by littleoldlady on Apr 28, 2016 15:48:41 GMT
If it wasn't for INPL, I wouldn't have used SS. I bought a few loan parts and tested the site to the point where I felt comfortable to transfer money in. If the INPL goes I reckon growth would be massively impacted. There is a lot of informed opinion that it is in breach of FCA client money rules and they may have to drop it to obtain full authorisation and hence the ability to offer IFISAs. IMHO ISAs are far more valuable than INPL which is a convenience with no cash value, unlike ISas which boost interest rates to 12% from 6.6% to 9.6% depending on tax band.
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goopy
Member of DD Central
Posts: 307
Likes: 144
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Post by goopy on Apr 28, 2016 15:56:24 GMT
Sorry everyone. A development idea went live a bit early by accident. Being undone now. Will communicate the idea if and when we are ready in order to give everyone time to adjust. Personally, I love the idea (why change it back; just leave it as it is)... More importantly you have given me an excuse to set up a new poll... As I understand it this 7 day not eligible for sale applies to all loan parts bought, not just to new loans which have been bought by pre-funding. I would be in favor of the 7 day rule for pre-funding but if it also applies to loans bought on the SM I think that will affect liquidity, and nobody wants that do they?
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Liz
Member of DD Central
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Post by Liz on Apr 28, 2016 16:21:13 GMT
I check in on the forum as usually find out something about loans or platform changes as SS cannot be bothered to email investors or let them know what is going on. SS is my favoured platform by a long stretch but this takes the biscuit with regards to communication. Sorry SS this is just shocking. No email , no warning. Not everyone uses the forum. I will start to consider any further investment carefully now. Wow, other p2p sites are far far worse with communication. I would say they are good with communication.
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