We are running the risk, with apologies, of boring our readers and users senseless with yet more on the Brexit question. If you aren’t bored of Brexit now, you probably will be in three months’ and three-and-a-bit weeks’ time. Nevertheless, it is important – and so we run this by our friends and colleagues at the […]
The Mail on Sunday reports on the scramble to bring the new “Innovative Finance Individual Savings Accounts” (IFISAs) to market. The IFISA will allow investors to acquire assets up to £15,240 per annum free of income or capital taxes. That means that Money&Co. lenders would be able to take income on this amount of lending […]
Crowdfundinsider offers its view, a little later than some, on the regulatory hurdles facing P2P providers seeking to launch IFISAs. “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 […]
Right place, right time? With its unique combination of enlightened regulation, sensible taxation structures, a deep pool of entrepreneurial talent, and a culture of innovation, the UK is a great place to do business. That isn’t just our opinion at Money&Co. Our friends at Crowdfundinsider publish a an article on yesterday’s report by HM Treasury, in partnership with […]
Young industries often find themselves with teething problems. Witness the agonising over the implementation of Innovative Finance ISAs (aka IFISAs – tax-free savings plans holding up to £15,240 permanently free of capital or income taxes). The UK government has been enthusiastic about helping peer-to-peer (P2P) crowdfunders like Money&Co. reach a mass audience – and IFISAs are […]
Reportstack offers a survey of the P2P market – but it has to be paid for. Below are the bits you can read for free: “P2P Lending: Responding to Disruption is a new market research publication announced by Reportstack. P2P platforms have grown exponentially in the last couple of years. “Their superior customer experience, speed, and ultimately […]
Writing in the Huffington Post, Money&Co. CEO Nicola Horlick offers praise for the UK government and its enlightened policy towards non-mainstream sources of finance to encourage the growth of small and medium-sized enterprises (SNEs). “The UK government’s role in encouraging alternative finance should be acknowledged. The regulatory regime is relatively benign for platforms, which […]
The media is descending the recent Cambridge Judge/NESTA report on crowdfunding with great enthusiasm. Crowdfundinsider excitedly reports a projection that the alternative finance sector will be worth £5 billion next year. If that’s right, our mathematics tells us that’s a projected growth rate of 56.25 per cent next year. Last year saw an 84 per cent […]
Excitement is growing about the imminent arrival of the Innovative Finance ISA (IFISA), which will technically be available from 6 April. Technically is the key word. The government was keen to introduce the IFISA in order to help provide much-needed access to finance for UK small and medium-sized companies (SMEs). However, almost unnoticed, a statutory […]
The prospects for the Innovative Finance ISA (IFISA), set to launch in April, look good. Soon, investors and lenders will be able to hold £15,240 in peer-to-peer (P2P) loans and enjoy the income tax-free. City AM cites research that predicts a take-up of some 400,000. But not everything in the IFISA garden is rosy. The […]