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Peer2Peer Finance News | August 25, 2019

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Innovative Finance Isa

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

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

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

Three upcoming IFISA launches to boost your tax-free savings

May 17, 2019 |

ISA SEASON may be a distant memory but there are still tax-wrapper product launches to look forward to in the coming weeks.

At least three peer-to-peer lenders are set to launch Innovative Finance ISAs (IFISA) in the near future, giving … 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

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

City watchdog tells consumers to think carefully before IFISA investing

April 1, 2019 |

THE FINANCIAL Conduct Authority said it has seen evidence that Innovative Finance ISAs (IFISA) are being promoted alongside cash ISAs and has urged consumers to “carefully consider where their money is being invested” before purchasing the “high risk” product.

“Investments … Read More

Coming out of its shell! How the IFISA has evolved

March 29, 2019 |

THE PEER-TO-PEER lending sector’s tax wrapper, the Innovative Finance ISA (IFISA), is coming up to its third birthday and its first full tax year with all the major players.

It got off to a slow start in the 2016/2017 tax … Read More