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Peer2Peer Finance News | August 24, 2019

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Andrew Lawson

Zopa developing IFISA transfer features

November 10, 2017 |

ZOPA is working on ways to let investors transfer their existing holdings into its Innovative Finance ISA (IFISA).

HMRC rules stipulate that tax wrappers have to be funded with new cash for each year’s subscription, which in practice means selling … Read More

Zopa says rate hike will not impact loan performance

November 3, 2017 |

ZOPA has reassured investors that the Bank of England’s interest rate hike will not impact the performance of the peer-to-peer platform’s loans.

On Thursday, the central bank raised the base rate from 0.25 per cent to 0.5 per cent – … Read More

Investor money covered by Zopa’s Safeguard fund falls to quarter of loanbook

October 30, 2017 |

THE AMOUNT of investor money covered by Zopa’s provision fund has fallen from almost half to just a quarter in less than six months.

The peer-to-peer lender announced in May that it would be winding down its Safeguard fund to … Read More

Zopa: Open banking is an “exciting opportunity” for alternative lenders

October 10, 2017 |

ZOPA’S chief product officer Andrew Lawson has heralded the move towards open banking as “a really exciting opportunity” that could potentially broaden the peer-to-peer lender’s product offering.

A European directive – the Payment Services Directive II – comes into effect … Read More

Zopa launches IFISA with charge-free July offer

June 16, 2017 |

ZOPA officially unveiled its Innovative Finance ISA on Thursday, which is initially available solely to existing investors to head off a lender-borrower imbalance.

The UK’s oldest peer-to-peer platform is soft-launching its new tax-free-wrapper, which marks the debut foray of a ‘big … Read More

Zopa clarifies coverage ratios ahead of Core account launch

June 9, 2017 |

ZOPA has clarified the expected implications of phasing out of its provision fund as it prepares to launch Zopa Core on Thursday, a new account which will not be backed by the fund.

On 15 June, the peer-to-peer platform’s target date … Read More

Zopa unveils plan to wind down provision fund as it readies for IFISA launch

May 25, 2017 |

ZOPA has announced that it is revamping its account range and will be winding down its provision fund, which will enable it to provide higher returns to investors.

The world’s oldest peer-to-peer lender, which gained full authorisation from the Financial … Read More

Zopa creates waiting list for new investors

March 9, 2017 |

ZOPA has stopped accepting new money transfers and has created a waiting list for new investors, in order to prioritise existing customers and prevent lending queue times from increasing.

The world’s oldest peer-to-peer lender had temporarily capped investments in … Read More

Zopa bags top consumer lender award

March 8, 2017 |

ZOPA reaffirmed its leading position in the peer-to-peer consumer space last night as it won the accolade of top consumer lending platform at LendIt’s awards in New York.

The world’s oldest P2P lender fended off competition from US consumer-finance heavyweights … Read More

P2P investors face another Zopa rate cut

January 26, 2017 |

ZOPA has lowered its lender rates by 0.2 per cent across all accounts, just four months since its last reduction, citing competition in the personal loans market.

The peer-to-peer lender has emailed investors to say target return rates on its … Read More