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Peer2Peer Finance News | June 21, 2018

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Financial Services Compensation Scheme

RateSetter: Savers prefer better returns to more protection

January 25, 2017 |

MOST savers would prefer a higher interest rate on their money rather than a higher level of protection from the government’s financial compensation fund, according to research from RateSetter.

The Financial Services Compensation Scheme (FSCS) currently protects up to … Read More

FCA seeks views on whether to extend compensation scheme to P2P

December 15, 2016 |

THE FINANCIAL Conduct Authority (FCA) is seeking views on whether peer-to-peer lending should be covered by the UK’s £3.5bn financial compensation fund.

The Financial Services Compensation Scheme (FSCS) protects consumers when financial services firms fail. It covers savings in … Read More

P2P investments should have government guarantee

September 23, 2016 |

THE GOVERNMENT should guarantee the money consumers invest through peer-to-peer platforms as it will boost local economies, according to a new report.

The proposals outlined by the Bauman Institute … Read More