Money&Co.’s CEO, Nicola Horlick takes a close look at recent figures released by the taxman, and draws some sobering conclusions for savers who stick with cash deposit accounts (bearing in mind that inflation has been running at nearly 3.5 per cent for several months). Below the highlights of HMRC’s data, we list Nicola’s principal conclusions. […]
It’s time for a dose of reality in the peer-to-peer (P2P) sub-sector of FinTech. Funding Circle is looking to float its shares in the London Stock Exchange later this year. The investment bankers – notably Goldman Sachs and Morgan Stanley – are talking up the price, as they always do. My personal view is simple: […]
Here’s the good news. Review the savings market and the best return comes from peer-to-peer (P2P) loans (certainly higher yielding than cash). But is the good review justified? You have to understand the risks before investing. We’re delighted to offer a guest blog from the excellent Business Cloud and its equally excellent editor, Chris Maguire, […]
Money&Co.’s communications director is Martin Baker, the author and award-winning journalist. He has just written a short, very timely book that attempts, in the words of the cryptocurrency industry, to “mine” the truth from the fictions surrounding Bitcoin, cryptocurrencies and the blockchain technology that underpins them. Did somebody really buy two pizzas using Bitcoin – […]
Hello. Catch our Out With The Old, In With New podcast HERE. It features lively debate amongst Baroness Kramer, Treasury spokesman for the Lib Dems in the House of Lords, David Buik, spokesman for Panmure Gordon, and Money&Co. CEO, Nicola Horlick. The conversation is hosted by author and journalist, Martin Baker, who also runs Money&Co.’s […]
It may seem a somewhat bizarre analogy, but the cash-based savings market operates like petrol-pump pricing. Think of it as a case of commodity pricing. Motorists often complain that reduction in the price of the underlying commodity – oil, in this case – is frequently not passed on. In October, base rates increased by 0.25 […]
Let’s start with some serious stuff. It’s small wonder that many income-hungry investors are turning to peer-to-peer (P2P) lending. Cash deposits currently pay, according to independent comparison site, Moneyfacts, two per cent at best. Money&Co. lenders have achieved an average of 8.6 per cent in the three and half years of facilitation and nearly £10 […]
We’re pleased to report a steady flow of conversions from Cash Individual Savings Accounts (Cash ISAs), as income-hungry investors look for the just-over 9 per cent average return (9.18 per cent) that Money&Co. lenders have been able to enjoy since the first offer went up on site over three years ago. To enjoy income tax-free, […]
We’ve consistently argued that staying in the single market is the best outcome for the businesses – and the lenders – we are here to serve. That’s simply an observation based on what we see as the best conditions in which small and medium-sized businesses, the lifeblood of the UK economy, can operate. As we write, […]
Summer beckons. The seasons are changing. Here, we make a case against seasonal investing – we believe the time to invest (if you invest in a high-yield product) could well be now. In finance and savings, the seasons are changing too. The end of the last tax year in early April saw the usual rush […]