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Peer2Peer Finance News | September 18, 2019

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ISA

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

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

Have YOU been throwing away your ISA earnings?

March 4, 2019 |

AS ISA season gets underway, many savers and investors would be forgiven for feeling a little despondent. New figures from Hargreaves Lansdown have revealed that Brits have missed out on at least £188bn in lost interest from low-yielding savings accounts … Read More

Zopa warns savers on hidden cash ISA losses

February 20, 2019 |

ZOPA has warned that millions of savers could risk losing money in cash ISA accounts that are paying out less than the rate of inflation.

New research from the peer-to-peer lender has found that 30 per cent of British savers … 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

HMRC warns IFISA providers to stop using e-money services

January 24, 2019 |

HMRC has warned peer-to-peer lenders that they shouldn’t be using e-money providers to hold Innovative Finance ISA (IFISA) money.

An alert from the taxman – which applies to all ISA managers – said it was aware that some providers are … Read More

Will 2019 be the year of the Innovative Finance ISA?

January 22, 2019 |

APRIL brings the dawn of a new tax year, and it will also mark the third anniversary of the launch of one of the latest additions to the ISA stable: the Innovative Finance ISA (IFISA).

Offering consumers the chance to … Read More

The House Crowd opens IFISA to transfers

September 12, 2018 |

THE HOUSE Crowd has opened its Innovative Finance ISA (IFISA) for transfers.

There are no transfer fees but the minimum amount that can be moved is £5,000.

Investors can earn seven per cent a year by lending through the peer-to-peer … Read More

Crowdstacker to develop cash and stocks and shares ISAs

September 3, 2018 |

CROWDSTACKER is planning to launch cash and stocks and shares ISAs to offer greater diversity to its customers.

The peer-to-peer business lending platform, which was one of the first P2P firms to launch an Innovative Finance ISA (IFISA), is currently … Read More

How do IFISAs stack up against stocks and shares ISAs?

August 9, 2018 |

IN THE two years since the launch of the Innovative Finance ISA (IFISA) an abundance of options have been made available to investors.

The majority the UK’s peer-to-peer platforms have already launched their own IFISA options and so far more … Read More