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Peer2Peer Finance News | June 26, 2019

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Rhydian Lewis

RateSetter continues to boost transparency with new expected losses committee

April 4, 2017 |

RATESETTER has set up a new committee on expected losses as part of a review of the way it monitors and reports on credit risk.

The panel, which will come into effect later this month, comprises the peer-to-peer lender’s chief … Read More

Headache for savers as inflation soars to three-and-a-half year high

March 21, 2017 |

SAVERS will be feeling the pinch even more acutely as inflation rose to a three-and-a-half-year high last month, surpassing the Bank of England’s target.

Figures from the Office for National statistics showed that UK inflation rose to 2.3 per cent in … Read More

RateSetter’s borrowers have paid back £1bn

February 21, 2017 |

RATESETTER’S borrowers have paid back £1bn since the platform wrote its first loan in 2010.

The peer-to-peer lender announced the milestone on Tuesday afternoon and said that it has now lent almost £1.75bn to individuals and businesses across the UK, … Read More

No end in sight for low savings rates as inflation hits 31-month high

February 14, 2017 |

MORE pressure was heaped on savers seeking decent returns in January as inflation reached a 31-month high of 1.8 per cent, Office for National Statistics figures have revealed.

The cost of living rose from 1.6 per cent in December 2016 to 1.8 … Read More

Savings rates hit new lows as it gets harder to beat inflation

January 31, 2017 |

AVERAGE returns on savings accounts continued to fall in Decmber, making it even harder to beat inflation, Bank of England figures show.

Data on deposit rates from the Bank for December 2016 reveal average returns on instant access accounts have fallen … Read More

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

RateSetter bolsters risk team with PayPal’s Michael Hoare

December 19, 2016 |

RATESETTER has hired former PayPal UK executive Michael Hoare to take up a newly-created role on the company’s risk team, with immediate effect.

Hoare has been named head of risk analytics and retail credit, and he will join the company’s established risk … Read More

RateSetter ends cash incentive for new customers

October 5, 2016 |

RATESETTER has wound down its £100 ‘welcome bonus’ following an internal review.

The cashback scheme was available to any new customer who invested £1,000 or more on the platform and would be added to their account after a year. It … Read More

Ratesetter blames £4.9m loss on new fee structure

September 20, 2016 |

RATESETTER swung £4.9m into the red last year, but the peer-to-peer lender said the results were “in line with expectations” due to a new fee structure and investing in the business.

The firm posted a pre-tax loss of £4.9m in … Read More

Ratesetter doubles new investor accounts since base rate cut

September 16, 2016 |

RATESETTER has seen a surge of new investment since interest rates were cut one month ago, fueling hopes that more investors will turn to peer-to-peer lenders as the 0.25 per cent base rate is held for a second month.

The platform … Read More