An update on Classic and Plus rates

I have always used Zopa for diversification since I started in P2P and I stayed with the Classic product when the new products came out as I did not want any exposure to unsecured loans where I can't choose the borrowers. However, with the reduction of Classic from 5% to 4.3% for SafeGuarded but none the less still unsecured loans I am thinking that perhaps a better place for my money might be somewhere like Landbay with asset backed loans but still offering similar rates.

I would love to hear Zopa's explanation as to why they feel they can reduce rates of their SafeGuard product by 14% in the space of a few months with almost no reason. So where is the 0.7% going? Are rates to borrowers plummeting by a similar amount, have they changed the risk-profile of Classic SafeGuard loans resulting in significantly lower risk / lower return product, are they using it to pump more money into the SafeGuard fund in case of an economic down-turn or is it all going to Zopa themselves to try and get the company profitable at last.

I actually think all of the above reasons could be seen as perfectly acceptable to many investors but the weak, almost non reason given in their email was, I'm afraid, not acceptable for me. Without some proper explanation from Zopa that I feel comfortable with I feel that I will have to forgo my platform diversification and take the "Long Road out of Zopa" 

Data from altfi.com loan book would indictate that Zopa need consumer peer cash less and less....