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Peer2Peer Finance News | June 27, 2019

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ArchOver

A Rocky Road

August 10, 2018 |

IN THE TWO YEARS since the Financial Conduct Authority (FCA) commenced its post-implementation review of the peer-to-peer lending industry, so much has changed. Whereas a mere handful of P2P platforms had full FCA authorisation in 2016, now the vast majority … Read More

How do IFISAs stack up against stocks and shares ISAs?

August 9, 2018 |

IN THE two years since the launch of the Innovative Finance ISA (IFISA) an abundance of options have been made available to investors.

The majority the UK’s peer-to-peer platforms have already launched their own IFISA options and so far more … Read More

Base rate rise won’t ease saver woes, say P2P firms

August 2, 2018 |

PEER-TO-PEER lenders have warned that savers are unlikely to benefit from the latest interest rate hike.

The Bank of England’s monetary policy committee (MPC) voted on Thursday to raise the base rate from 0.5 per cent to 0.75 per cent … Read More

Banks reject P2P lenders on money laundering concerns

July 5, 2018 |

PEER-TO-PEER lenders have been turned away by banks when trying  to open the client money accounts that are legally necessary for them  to operate.

Despite the vast majority of platforms now being fully regulated, Peer2Peer Finance News has seen messages … Read More

ArchOver unveils new hires as it targets £100m of lending

July 4, 2018 |

ARCHOVER has bolstered its finance and lending teams to help it reach its target of facilitating £100m in loans.

The peer-to-peer business lender said on Wednesday that it has hired David Swanson and Tom Malley as head of lending and … Read More

ArchOver opens IFISA for transfers

June 26, 2018 |

ARCHOVER has opened its Innovative Finance ISA (IFISA) for transfers from other providers.

Investors will now be able to move some or all of their funds from old cash and stocks and shares ISAs to the business peer-to-peer platform’s tax … Read More

Rebuildingsociety boss takes helm at InvestUp

June 18, 2018 |

PEER-TO-PEER investment aggregrator InvestUp has installed Rebuildingsociety boss Daniel Rajkumar as temporary chief executive while it searches for a replacement for Chris Bradbury who left at the end of 2017.

InvestUp was purchased by the White Label Company – owned … Read More

P2P lenders prepared for new data rules

June 5, 2018 |

PEER-TO-PEER lending platforms have welcomed the new General Data Protection Regulation (GDPR) and confirmed that their processes meet with the new EU standard.

“We welcome any measures which safeguard personal information, and very much see GDPR as a significant … Read More

ArchOver unveils its Innovative Finance ISA

May 24, 2018 |

ARCHOVER has launched its Innovative Finance ISA (IFISA), offering annual returns ranging between six and 10 per cent.

Both new and existing investors can open the tax wrapper, with a minimum amount of £1,000, but it is not yet available … Read More

Majority of UK adults misunderstand benefits of IFISAs, says ArchOver

May 2, 2018 |

NEARLY two thirds of UK adults recognise that Innovative Finance ISAs (IFISA) can offer higher returns, a tax-free wrapper and greater diversification, according to ArchOver research.

However, the peer-to-peer business lender found that while 61 per cent recognised certain benefits … Read More