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Peer2Peer Finance News | July 21, 2019

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Goji launches SIPP wrapper for direct lending bonds

Goji launches SIPP wrapper for direct lending bonds
Marc Shoffman

GOJI has made its direct lending bonds available in a self-invested personal pension (SIPP) wrapper.

Investors can now access the specialist investment manager’s direct lending bond through both an Innovative Finance ISA (IFISA) and a SIPP.

Goji has two direct lending bonds.

Its diversified lending bond targets returns of more than five per cent by investing in loans sourced by alternative finance providers in the property, small business and education sector.

Its lending partners include peer-to-peer lending platforms such as Assetz Capital, Growth Street and ThinCats.

There is also a renewables lending bond that backs solar, wind and anaerobic digestion, targeting returns of 8.3 per cent.

Read more: Platforms develop their own SIPPs

Financial advisers can access the SIPP – which is provided by Morgan Lloyd – through the Goji platform.

The minimum investment is £20,000 and there is a 0.45 per cent annual fee, set at a minimum of £500.

“More and more advisers are recommending their clients invest in direct lending, principally through the IFISA, but the vast majority think the SIPP wrapper is a better home for an asset class that offers low volatility returns and income,” Jake Wombwell-Povey, chief executive of Goji, said.

“We believe this SIPP innovation presents new opportunities for advisers and their clients. Goji’s straight forward SIPP helps investors achieve steady but diversified income without excessive investment charges eating into investors’ returns.”

Read more: Goji steps up its focus on adviser market