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Post by wiseclerk on May 24, 2018 12:16:27 GMT
Do I read that right that Shoijn charges a 2% administration fee? Or is that only on their normal product and not on their IFISA?
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Post by justuslee on May 24, 2018 15:42:12 GMT
Glad to help, the most important security and client/lender protection must-haves are not even being considered. You need to take into account the Gold Plated nature of FCA accreditation and permissions. You can find the platform status on the FCA register. register.fca.org.uk/Financial Advisers when recommending P2P for their clients need the professional credentials of the platform operators, this as a minimum being the 5 basic requirements as below. 1. FCA Directly Authorised - Appointed Representative have no direct relationship with the FCA. 2. 36H P2P Loans - All Platform T&C's should read/disclose the status - taken from JustUs "Each Peer to Peer Micro-Loan Agreement is deemed to be a 36H Agreement as per The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013)" 3. FCA Client Money Permissions - Additional Due Diligence for this permission is carried out by the regulator. FCA Client Asset Team visit, audit and test the competency of the Finance Team, i.e. are they fit to receive, administer and protect retail deposits, if not, ask why? 4. Own named FCA client money accounts ISA and Non-ISA - You can not hold client ISA money in a digital eWallet, it has to be in a UK clearing bank for HMRC ISA status. The platform should name their Client Account Bankers. There's an FCA written agreement for client protections, without this who knows? 5. FCA Authorised and named living will Provider
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Post by wiseclerk on Jun 19, 2018 14:21:54 GMT
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Post by wiseclerk on Jan 31, 2019 17:22:25 GMT
Have added PropertyPartner to the database today
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Post by Ace on Jan 31, 2019 18:23:55 GMT
I really hope that a certain member who is named after a prominent US market doesn't clock the title of your website!!! 😱
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Post by wiseclerk on Apr 2, 2020 8:21:46 GMT
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smee
Member of DD Central
Posts: 84
Likes: 50
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Post by smee on Apr 26, 2020 14:56:58 GMT
Just a point of information. Property Crowd transfer out fee is only free for the first transfer out, afterwards it’s £50 a time.
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