star dust
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Post by star dust on Apr 30, 2016 19:26:40 GMT
Saving Stream is just a 'trading name', but if this meant they had to change the name of Saving Stream Security Holding Ltd, the company that holds the assets on behalf of all the SS investors, and associated land registry charges (maybe those could continue with the former name?) this might turn out quite expensive.
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toffeeboy
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Post by toffeeboy on May 4, 2016 16:39:08 GMT
If I remember correctly a similar discussion came up on the Zopa forum a few years ago and back then as is shown on here now the general consensus was that "savings" was considered to suggest more security than was actually offered especially as I believe the discussion predated the safeguard loans.
I agreed back then and still do now that P2P is a form of investment rather than saving.
I am glad that the FCA are being tough on this as it takes away the ambiguity of the safeness of any money in P2P
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Post by brianac on May 4, 2016 20:15:23 GMT
So are they going to rename the "ISA" too?
"IIA" doesn't run off the tongue so well, never mind "IFIIA"
Brian
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