Tagged: isa

Landbay Launches Property-Backed ISA

UK peer-to-peer lending platform, Landbay, has officially launched its property-backed ISA investment. This news comes just a little over a month after the lender was granted ISA manager status by HMRC. The Landbay team stated: “The Property‐Backed ISA is the latest in our line of… Read More

Lending Works Reopens Window for ISA Contributions

UK-based peer-to-peer lending platform Lending Works announced on Friday it has reopened the window for ISA contributions. The platform claimed it is the first P2PFA member to launch an Innovative Finance ISA (IFISA) last week and filled its first ISA tranche of £2.5 million within 24… Read More

P2P Lender Landbay Granted ISA Manager Status By HMRC

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

LendingCrowd Preps IFISA for Q1 2017, Highlights 2016 Accomplishments

LendingCrowd, a UK alternative finance lender to the SME market, is readying to launch an Innovative Finance ISA (IFISA) during Q1 of 2017, said to be one of the first launched in the UK alternative finance sector. The launch follows a record year for LendingCrowd during which it… Read More

Crowd2Fund Debuts Savers & Investors’ Finance ISA App

Crowd2Fund announced last week that it has launched a finance ISA app for savers and investors. According to the UK peer-to-peer lending platform, the iOS powered app allows savers and investors to build their ISA portfolio and manage existing investments more quickly and more efficiently than… Read More

The Innovative Finance ISA is Available Today, Meanwhile Some Large P2P Platforms Wait for FCA Approval

The UK peer-to-peer (P2P) lending industry has been waiting for this day for quite some time. The Innovative Finance ISA (IF ISA) is now available to savers across the country representing a new investment option promoted as driving superior risk adjusted returns for investors.  With… Read More

Crowdstacker Releases Innovative Finance ISA Details for April 6 Launch

Crowdstacker is one of the elite few peer to peer lending platforms that has received the stamp of approval by the FCA as a fully regulated platform.  While other P2P platforms will follow, Crowdstacker will be ready to go next week as the Innovative Finance… Read More

Officially Launched: Goji is Ready for IF ISA, Receives Funding from Cocoon Wealth

Goji, a platform that aggregates peer to peer lending investment opportunities including the forthcoming Innovative Finance ISA, has announced its “official” launch as the new IF ISA is set to hit hit the marketplace. Goji states that P2P lenders Landbay, ArchOver and Assetz Capital are… Read More

Making the CutOff: Abundance is Approved to Offer Innovative Finance ISA

While many of the larger peer to peer lending platforms remain in limbo as to whether or not they will make the April 6th launch date for the Innovative Finance ISA (IF ISA), Abundance will be one of the first to offer the newly minted… Read More

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

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

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

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

Zopa Preps for Innovative Finance ISA

The godfather of peer to peer lending Zopa, has published some information on the forthcoming Innovative Finance ISA.  The long awaited update to ISAs will finally take place this coming April. At that time, savers will be able to add P2P / marketplace lending assets… Read More

P2P ISA Challenge: “We Recognize that We as an Industry Need to Work to Persuade Advisers to Embrace P2P Lending”

The Innovative Finance ISA is a huge opportunity for the peer to peer lending industry.  Yet the introduction of the new ISA also highlights an ongoing issue for P2P platforms: The profound need to inform and educate potential investors and advisors of their services. Sure… Read More

ThinCats: 1 in 4 to Consider New P2P ISA

Research conducted by peer to peer lender ThinCats indicates that one in four investors over 55 will consider leveraging the new Innovative Finance ISA that launches this coming April. This contrasts to 4.5% of investors in this age group that use P2P lending platforms as… Read More

Lending Works Expects to More than Double in Size in 2016

Lending Works, a London-based peer to peer lending platform, states it tripled its business in 2015 and expects to double that number over the next 12 months. According to the 2 year old platform, in 2015 the company facilitated £20 million in loans and forecasts… Read More

Will the Innovative Finance ISA Allow Only a Few P2P Lenders to Participate?

  The draft regulations surrounding the forthcoming Innovative Finance Individual Savings Account was published earlier this week by the UK government. The much-anticipated vehicle is expected to add fuel to the peer to peer lending industry as it will open up the asset class to… Read More

Louise Beaumont of GLI Finance Comments on Autumn Statement

Alongside the Chancellor’s Autumn Statement, there were several associated releases published by the Exchequer’s office.  Louise Beaumont, Head of Public Affairs at GLI Finance and a frequent commenter on policy issues regarding SME’s and the economy, has shared some thoughts regarding specific announcements presented by… Read More

Peer-to-Peer Lender Assetz Capital Set to Launch Innovative Finance ISA Account

Following today’s Autumn Statement from Chancellor George Osborne, in which he  addressed the government’s success and pinpointing areas for economic improvement, Assetz Capital, one of the UK’s fastest growing peer-to-peer alternative finance platforms, revealed it is set to launch an innovative finance ISA account.  Stuart Law,… Read More

405,000 people could open up an Innovative Finance ISA in 2016

Hot of the press research by the Yorkshire Building Society (YBS) suggests that around 405,000 ISA savers could choose to use crowdlending (P2P), as it becomes part of the ISA family in 2016. This marks a huge number of people entering into the crowdlending market…. Read More