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Peer2Peer Finance News | August 25, 2019

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IFISA

Multi-platform IFISA provider readies for crowdfunding campaign

August 20, 2019 |

A NEW platform that will enable investors to put returns from multiple peer-to-peer lending platforms into one Innovative Finance ISA (IFISA) wrapper has launched a crowdfunding campaign.

MultiISA is looking to raise £110,000 on Crowdcube to finalise the development of its … Read More

Rising number of cash ISA providers blocking IFISA transfers

August 2, 2019 |

INVESTORS are being prevented from transferring money from investment ISAs into some cash ISAs, with experts warning that this could result in them taking unwanted risks.

Analysis from Moneyfacts shows that there are 55 fixed-rate cash ISA products, out of … Read More

Money&Co sees more demand for tax planning amid political uncertainty

July 25, 2019 |

NICOLA Horlick’s peer-to-peer lending platform Money&Co has seen a “significant” increase in volumes of business for tax planning, as a result of ongoing political uncertainty.

A new government, led by Boris Johnson, and the looming Brexit deadline of 31 October … Read More

Five podcasts for P2P lending enthusiasts

July 22, 2019 |

PODCASTS have become one of the nation’s favourite sources of information and entertainment. According to Ofcom, almost six million Brits tune into a podcast every week – double the number of five years ago. And a few finance podcasts have … Read More

LendingCrowd offers £50 summer bonus on ISA transfers

July 18, 2019 |

LENDINGCROWD has launched a summer-long cashback scheme designed to encourage more ISA transfers.

Until 31 August, the peer-to-peer platform is offering £50 to every investor who transfers at least £5,000 into a LendingCrowd Innovative Finance ISA (IFISA) from another ISA … Read More

Money talks

July 18, 2019 |

2019 IS SHAPING UP TO become the year of the institutional investor. Over the past few months, hundreds of millions of pounds has flooded into UK-based peer-to-peer platforms from a variety of global institutions, all seeking to access the competitive … Read More

Elfin Market pushes IFISA launch to September

July 16, 2019 |

PEER-TO-PEER consumer lender Elfin Market will launch its Innovative Finance ISA (IFISA) product in September after pushing back the release date in order to implement additional features, co-founder and chief executive Mansour Bouaziz said.

Elfin’s team is working to implement … Read More

Could the 10pc rule bring £6.9bn into P2P sector each year?

July 11, 2019 |

WHEN the Financial Conduct Authority (FCA) rolled out a new raft of rules for the peer-to-peer lending sector, there was one requirement which received decidedly mixed reviews. In an effort to promote diversification and risk awareness, the regulator announced plans … Read More

Growth Street’s IFISA attracts £1m in just six weeks

July 8, 2019 |

GROWTH Street’s Innovative Finance ISA (IFISA) has attracted £1m in deposits in the six weeks since it was launched.

The peer-to-peer business lender said on Monday that it now has 179 investors signed up to its tax-free wrapper, which offers … Read More

IFISA inflows set to hit £1bn milestone

July 1, 2019 |

The Innovative Finance ISA (IFISA) looks set  to become a billion-pound product, exclusive data reveals.

Figures provided to Peer2Peer Finance News from the Tax Incentivised Savings Association (Tisa) show the tax wrapper has been growing in popularity since a slow … Read More