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Peer2Peer Finance News | July 23, 2019

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FCA misconduct probes into retail financial services firms increase by a third

July 10, 2019 |

THE NUMBER of Financial Conduct Authority (FCA) cases opened into misconduct in retail financial services has increased by 29 per cent in the past year.

The number of cases has increased to 101 for the 12 months ended 31 March, … Read More

P2P industry yet to see wave of consolidation

June 13, 2019 |

THE WAVE of M&A activity that was expected to engulf the peer-to-peer lending sector has yet to materialise.

Industries which have a proliferation of smaller players fighting to grow market share are typically prime candidates for takeovers and mergers, so … Read More

P2P administrations: A timeline

May 29, 2019 |

LENDY was not the first peer-to-peer platform to go into administration, and it probably won’t be the last.

The property lender was officially handed over to administrators RSM last week, after the Financial Conduct Authority (FCA) opened an investigation into … Read More

Questions remain as Collateral moves toward liquidation

April 29, 2019 |

COLLATERAL’S administrator is still investigating discrepancies in the valuation of assets and bank account balances as the peer-to-peer lender prepares to be moved into liquidation.

A final report from BDO, which took over the administration of the collapsed platform in … Read More

Collateral damage: What do we know a year on from the platform’s closure?

March 25, 2019 |

IT IS now more than a year since peer-to-peer lender Collateral collapsed, but investors are still waiting to see how much of their money can be recouped.

The Manchester-based platform closed down in February 2018 after it emerged that it had … Read More

Collateral administrator seeks further investor detail on loan exposures

March 19, 2019 |

THE ADMINISTRATOR of collapsed peer-to-peer lender Collateral has written to a ”small number of investors” to seek further clarity on their loans as it continues to reconcile the platform’s loanbook.

BDO, which took over the administration of Collateral last year, … Read More

Collateral administrator unable to provide tax statements for investor returns

January 22, 2019 |

COLLATERAL investors may be unable to disclose how much interest they earned from the defunct peer-to-peer lender for the 2017/2018 tax year as the deadline for returns looms.

A notice from BDO, the administrator for Collateral – which collapsed last … Read More

Collateral administrator seeks investor permission for borrower legal action

January 7, 2019 |

COLLATERAL investors are being asked to give the failed peer-to-peer lending platform’s administrator permission to take enforcement action against borrowers who are unable or unwilling to repay their loans.

The P2P property and pawnbroking platform collapsed last year and its … Read More

Collateral investors still waiting on returns six months into administration

November 27, 2018 |

THE administrator of collapsed peer-to-peer lender Collateral is still unable to estimate the likely returns for investors and creditors six months into the administration.

A progress report from BDO, which is working on the administration of Collateral, revealed it was … Read More

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More