Tagged: isa

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

SIPP P2P Lending Surges Despite Financial Advisors’ Risk Anxiety; Anticipate Updates from ISA and FCA

Self Invested Personal Pensions (SIPP) assist marketplace lenders such as Ablrate and Ratesetter (the first consumer P2P platform to be available through a SIPP),  in sourcing loans.  Research from Yorkshire Building Society “highlighted a lack of understanding about peer-to-peer investment (P2P) and the potential risks it poses… Read More

National UK Survey Finds 7 Percent Of Over-65s Will Consider P2P Lending, Following Change In Pension Rules

    A recent national survey in the UK found that 7 per cent of over-65s, about 728,000 people, will consider peer-to-peer lending, according to Yorkshire Building Society, which conducted the survey, and FT Adviser. Yorkshire Building Society is among the largest building societies in the UK, with… Read More

Good Progress in the Emergency Budget, But There is More Still to Do

The Emergency Budget This week saw the first Budget in the UK since the Conservative Party achieved a surprise win in the General Election in May. As the previous coalition government had already made promising steps towards the implementation of legislation which will improve access… Read More

Here is the Consultation Document that Will Help the UK Government Decide How to Include Equity Offered Via Crowdfunding Sites in ISAs

As part of the UK government’s budget policy, Chancellor of the Exchequer George Osborne affirmed that soon (April 2016) ISAs will allow for peer to peer lending assets to be part of a savers portfolio.  Osborne also stated the government will consider allowing equity crowdfunded… Read More

Leaders of Innovative Finance Respond to UK Budget Policy, Embrace ISA Approach

  The Chancellor of the Exchequer’s summer budget was said to put economic security first and was a plan for “working people”. But incorporated in the policy statement was also aspects that should benefit disruptive financial firms on both the debt and equity side of… Read More

VPC Specialty Lending Confirms Shares Qualify for ISA Inclusion

VPC Specialty Lending Investments PLC, a listed fund that invests in peer to peer lending assets, has confirmed that the companies shares qualify for ISA inclusion. HM Revenue & Customs have announced that commending July 1, 2o15, savers may take advantage of this new asset… Read More

UK Tax Authority HM Revenue and Customs Opens Up ISAs To P2P Investment Trusts

HM Revenue and Customs (HMRC), the UK tax authority, will allow savers to hold peer-to-peer lending investment trusts in their Individual Savings Accounts (ISA), according to CityWire Money. The change will take effect July 1–in about two weeks. The move is part of the government’s alternative… Read More

InvestUP’s James Tuckett Opines on CrowdISA’s Potential and Effect for the Crowdfunding Industry: “Long Live the CrowdISA”

In a release by James Tuckett, Managing Director of investUP, he shares his about the  crowdfunding supermarket, investUP, a potential ISA for the crowdfunding industry and what this could mean for the current state of the crowdfunding market. Below please find his unabridged commentary:  The crowdISA… Read More

Lending Works: CEO Nick Harding Discusses P2P, the Shield, Pensioners, ISAs & UK Regulations

“Banks are at a huge disadvantage with their high salary bills and antiquated technology systems, peer to peer offers an innovative, simple and better result which costs customers less. That said, I also predict huge opportunities for banks and peer-to-peer lenders to continue to work together… Read More

IoT Sandal Launches Equity Campaign on SyndicateRoom: Investors May Tap ISA

Currently listed on the ISDX, a London investment exchange, Sandal is comprised of PowerConnections, an established cash generative division, and Energenie, which is at the centre of the rapidly expanding Internet of Things market. Founded in 1996, Sandal designs, develops and manufactures consumer electronics products, seeing £3m of turnover… Read More

Peer to Peer Lenders Encouraged by Osborne Speech & Tax Break Policy

Earlier this week George Osborne, Chancellor of the Exchequer, took his story up to Parliament to share his view of the UK economy and his strategic vision going forward.  The speech was broadly well-received, and as politicians typically do, there was something for everyone including a… Read More

P2PFA Survey Indicates Consumers Want Separate ISA for Peer to Peer Assets

A new survey from the Peer to Peer Finance Association (P2PFA) indicates that consumers “overwhelmingly” believe that peer-to-peer lending should be separated from traditional Cash or Stocks & Shares ISAs.  According to the P2PFA, the group polled over 4500 p2p investors regarding their preferences. This information comes… Read More

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