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Peer2Peer Finance News | June 26, 2019

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IFISA

One quarter of authorised managers are yet to launch an IFISA

June 14, 2019 |

ALMOST a quarter of HMRC-authorised Innovative Finance ISA (IFISA) managers do not offer the product.

Peer2Peer Finance News research has found that 93 firms are authorised by the taxman to offer an IFISA, but 22 of these firms are yet … Read More

Growth Street hits investor milestone after IFISA launch

May 28, 2019 |

PEER-TO-PEER business lender Growth Street has announced that it has attracted more than 2,500 investors to its platform.

The firm, which launched an Innovative Finance ISA last week, has now lent out more than £96m to small- and medium-sized enterprises … Read More

Assetz Capital marks record month for IFISA inflows

May 24, 2019 |

ASSETZ Capital saw a record month of investor inflows into its Innovative Finance ISA (IFISA) during April.

The peer-to-peer business lender said that its tax wrapper attracted more than £13m last month, bringing its total IFISA investment up to £90m. … Read More

Platforms report IFISA growth despite bad press

May 3, 2019 |

PEER-TO-PEER lenders have reported a rise in Innovative Finance ISA (IFISA) inflows this ISA season, although there are concerns that bad press in the lead-up to the end of the tax year dampened investor demand.

Industry figures have suggested that … Read More

New IFISA launches highlight popularity of property-backed P2P loans

April 11, 2019 |

A SLEW of new property-backed Innovative Finance ISA (IFISA) launches has underlined the growing popularity of peer-to-peer property lending.

These include Property Partner’s property development IFISA, Propio’s development and refurbishment IFISA, and Loanpad’s property-backed ‘hybrid’ IFISA.

In March, Money&Co helped … Read More

RateSetter attracts £200m into its IFISA

April 4, 2019 |

RATESETTER’S Innovative Finance ISA (IFISA) has passed £200m of subscriptions since launch.

The peer-to-peer lender launched its tax wrapper in February 2018 and says investors have put away £11,000 on average and earned 4.5 per cent a year.

One in … Read More

Five ways to add IFISA diversity

April 4, 2019 |

THIS WEEK is the busiest of the year for ISA providers and ISA savers alike. As the end of the tax year approaches, investors and savers are rushing to make the most of their annual ISA allowance, while ISA managers … Read More

Industry hits back as FCA warns on IFISA risk

April 2, 2019 |

THE PEER-TO-PEER lending industry has hit back at a warning from the financial regulator to consumers about the risks of the Innovative Finance ISA (IFISA).

The Financial Conduct Authority (FCA) said it has seen evidence that IFISAs are being promoted … Read More

Five last-minute IFISA ideas

March 26, 2019 |

THE END of the tax year is fast approaching, so if you haven’t yet taken full advantage of your £20,000 ISA allowance to make tax-free returns, now is the time. The peer-to-peer lending industry is expecting to see an uptick … Read More

How to earn more than five per cent in an IFISA

March 25, 2019 |

INVESTORS can earn more than five per cent by investing in the top-rated Innovative Finance ISAs (IFISAs), research claims.

By spreading funds across platforms that 4th Way has given its highest PLUS rating, investors could earn 5.82 per cent returns, the … Read More