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Peer2Peer Finance News | February 23, 2019

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Ratesetter

Does the P2P industry need advisers to market the IFISA?

February 18, 2019 |

PEER-TO-PEER lending professionals are divided on the necessity of attracting independent financial advisers (IFAs) as part of their marketing strategy.

At a recent roundtable event held by Peer2Peer Finance News, supported by Kuflink, industry stakeholders discussed the challenges and opportunities … Read More

ThinCats secures first funding line from British Business Bank

February 18, 2019 |

THINCATS has joined a select group of peer-to-peer lenders that have received funding commitments from the British Business Bank (BBB).

The peer-to-peer business lender unveiled the new £20m funding line on Monday, which will be provided by British Business Investments … Read More

RateSetter IFISA attracts £175m in first year

February 12, 2019 |

RATESETTER’S Innovative Finance ISA (IFISA) has attracted £175m in its first year.

The data spans two tax years but the peer-to-peer lending platform said the IFISA money now represents one fifth of its £830m funds under management.

Almost one quarter … Read More

RateSetter expands property development finance team

February 8, 2019 |

RATESETTER has expanded its property development finance team in the South West of England with the appointment of Ian Granger as business development manager.

Granger, who has worked in business banking for HSBC, NatWest and most recently for structural warranty … Read More

IFISAs: Plenty to play for

February 8, 2019 |

The Innovative Finance ISA has been boosted by the ‘big three’ lenders unveiling their tax-free products, but are they now helping or hindering the competition? 

THE MAJORITY OF peer-to-peer lenders now offer tax-free earnings through the Innovative Finance ISA (IFISA) … Read More

Worries mount over P2P promotion crackdown

February 7, 2019 |

LEGAL experts have expressed concerns that the Financial Conduct Authority (FCA) may lump peer-to-peer lending in with riskier investment products as part of its crackdown on promotions.

The City watchdog sent a ‘Dear CEO’ letter to all regulated firms last … Read More

RateSetter reforms market rate formula to tackle fluctuations

February 5, 2019 |

RATESETTER is updating how its market rate is calculated to ensure returns are more consistent for investors.

The peer-to-peer lender’s daily market rate is currently calculated by taking the weighted average of all the rates transacted during the previous day. … Read More

RateSetter hits 75,000 investor milestone

January 23, 2019 |

RATESETTER has announced that it now has more than 75,000 investors on its peer-to-peer lending platform.

In comparison, Zopa has 60,000 investors, while Funding Circle has 79,000.

Mario Lupori (pictured), chief investments officer for RateSetter, said investors have enjoyed returns … Read More

P2P lenders deliver FTSE-beating returns in 2018

January 21, 2019 |

THE UK’S largest peer-to-peer lenders delivered a FTSE-100 beating return in 2018, amid a turbulent period for the UK’s leading index.

Zopa said a £5,000 investment in a Zopa Plus account would have earned 5.2 per cent or £260 in 2018, 13.5 … Read More

RateSetter reaches £3bn lending landmark

January 15, 2019 |

RATESETTER has joined the £3bn lending club.

It is the last of the ‘big three’ peer-to-peer lenders – comprising Zopa, Funding Circle and RateSetter – to reach the milestone and it comes after it originated more than £700m of new … Read More