Tagged: ifisa

P2P Lender Landbay Granted ISA Manager Status By HMRC

Progress at Landbay 2

Peer-to-peer lending platform Landbay announced on Monday it was granted ISA Manager Status by HMRC. This news comes less than a month after the lender received full authorization from the FCA for peer to peer lending. The Landbay team stated that status will clear the way for the… Read More

Crowdstacker’s Karteek Patel Reports: IFISA Secures £1 Million A Month

Karteek Patel

This week, co-founder and chief executive of Crowdstacker, Karteek Patel, revealed the lender’s Innovative Finance ISA (IFISA) has attracted £1 million from investors each month. As previously reported, Crowdstacker currently offers P2P investment opportunities backed by British businesses that are said to have a good track record… Read More

Abundance’s First IFISA Offer Already at 82% of its Goal for Swindon Solar Project

windmill green energy renewable

Abundance Investment (formerly AbundanceGeneration) has been partnering with Swindon Chapel Farm Solar since early last month to offer individuals a way to invest in renewable energy.  The Innovative Finance ISA (IFISA) option also offers folks looking for an alternative savings account an option to earn higher… Read More

LandlordInvest Receives Full FCA Authorisation, Plans to Offer IFISA

FCA Approved

LandlordInvest has received full Financial Conduct Authority (FCA) authorisation following a 24-month process. LandlordInvest is a peer to peer lending platform for buy-to-let and bridge loans. LandlordInvest stated it has also submitted an application to HMRC to become an ISA manager and intends on offering… Read More

P2P: CEO & Founder Maule Comments on UK Bond Network’s FCA Approval

christopher-maule

The P2P bond platform UK Bond Network received full authorization as a financial services provider from the UK Financial Conduct Authority (FCA). The approval marks the end of a several months’ review in which the company’s processes, systems, policies, levels of compliance and risk management have undergone… Read More

Marketplace Lender ThinCats Secures Fat $10M Debt Injection from ESF Capital; Sets New Goals

sunil aranha

Online business marketplace lender ThinCats Australia hopes to lend $100 million by the end of 2017 after a much needed debt injection of $10 million by UK fund ESF Capital, the new controlling shareholder of ThinCats UK, reported The Sydney Morning Herald. UK fund ESF Capital took a 74 per cent… Read More

Improvements to ISA Lauded by Peer to Peer Industry Participants

IF ISA Innovative Finance ISA

There has been a lot of chatter regarding the numerous announcements by Chancellor of the Exchequer George Osborne and his budget presentation to parliament this week.  One of the areas that received a government update is the structure of the ISA.  As many people understand, in… Read More

MetLife Says Financial Advisors are “Cautious” About Investing in Innovative Finance ISAs

Innovative Finance ISA

Global insurance company MetLife says their research indicates caution from financial advisors when it comes to investing their own cash in Innovative Finance ISAs (IFISAs). According to data provided by MetLife, up to 16% of investors aged 55 or older may consider investing in the… Read More

ThinCats Adds Details to Forthcoming Innovative Finance ISA

Innovative Finance ISA

Just like many other peer-to-peer lenders, ThinCats sees profound opportunity in the forthcoming Innovative Finance ISA (IFISA).  And just like many P2P lenders, they are still waiting on full FCA regulation to offer the new savings vehicle. ThinCats expects to receive FCA approval soon and,… Read More

Lending Works Prepares for April 6th Innovative Finance ISA. Sees Crucial Investment Opportunity for Savers

nick-harding

Lending Works is hoping to launch their IFISA product on April 6th, just like most other peer to peer lending platforms. They too, like many others, are awaiting final approval by the FCA to offer the new saving vehicle. According to Lending Works, current regulation… Read More

Will Big P2P Lenders Be Regulated in Time for the Innovative Finance ISA?

FCA Approved

The forthcoming Innovative Finance ISA (IFISA) launches on April 6, 2016.  This new savings vehicle is expected to drive value for both investors and peer to peer lenders alike.  For investors, the benefit is a better risk-adjusted return. All peer to peer lenders deliver far… Read More

Goji CEO Says FCA & HMRC Must Align on Innovative Finance ISA

Jake Wombwell-Povey

Jake Wombwell-Povey, CEO & co-founder of Goji Holdings – a service provider for P2P platforms offering Innovative Finance ISAs (IFISA), has shared a comment letter submitted to HM Revenue & Customs.  According to the missive, the Financial Conduct Authority (FCA) and HMRC are not quite… Read More