r00lish67
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Post by r00lish67 on Jul 11, 2017 11:21:29 GMT
Anyone else just had the email through asking us to complete a survey and provide evidence of savings to comply with FCA regs?
Seems a total waste of regulatory time to me. I could tick most of those boxes, but obviously nothing will reconcile with the fluctuating amounts I have invested from time to time. How does sending them a single payslip showing that you once had a job provide sufficient evidence for them to do whatever it is they need to do? I don't get it.
Edit: This is not particularly to pick on FC, as I receive the same nonsense question when opening savings accounts.
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metoo
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Post by metoo on Jul 11, 2017 16:19:05 GMT
Letter from FC thread. Of course it's a waste of time. But it doesn't take long, and then they'll be happy again.
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trevor
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Post by trevor on Jul 11, 2017 18:21:30 GMT
Interesting that FC have FCA approval with debit card transfers in. I seem to remember other platforms saying they would not allow debit card transfers because of FCA rules....
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r00lish67
Member of DD Central
Posts: 2,692
Likes: 4,048
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Post by r00lish67 on Jul 11, 2017 20:09:28 GMT
Interesting that FC have FCA approval with debit card transfers in. I seem to remember other platforms saying they would not allow debit card transfers because of FCA rules.... Yep, Assetz and Unbolted have fed that line to me, so I'm sure it's true. Clearly the FCA aren't overly fussed about that particular requirement though, as they've allowed FC, ABL, LC to name but 3 to do it. If I were those platforms not offering it, I'd be having a moan - or just implementing it and asking for forgiveness?
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