The final instalment of our brief review of alternative lending looks at the major similarities and differences between Innovative Finance Individual Savings Accounts and (IFISAs) “mainstream” Individual Savings Accounts (ISAs). IFISA – Similarities With Other ISAs The IFISA is an ISA like any other. The £20,000 annual allowance applies to all types of ISA: IFISAs, […]
In this third instalment of our review of alternative lending, we look at the Financial Conduct Authority’s view of the sector. There’s been a greater focus on the sector following the failure of peer-to-peer (P2P) platforms such as Lendy. Lendy’s failure was linked – completely unfairly – with a number of problems experienced by investors […]
Call it platform lending, marketplace lending or peer-to-peer (P2P) lending, the loans facilitated in our sector are a new asset class. The novelty of platform lending has contributed to a classic case of the syndrome known as fear of the unknown. There have been some high-profile failures in the sector. The lesson we’ve learned from […]
We are going to offer a comprehensive review of lending in alternative finance over the next few days. This is the first of four instalments. Platforms like ours are relatively new kids on the block in the world of high-yield products. It’s so new the terminology hasn’t settled down. It’s known as platform lending, marketplace […]
The Financial Services Bill, laid out in this week’s Queen’s Speech, aims to bring “certainty, stability and new opportunities” to the UK banking industry, report our friends at AltFi. The Bill is geared to ensuring the UK’s financial rules continue after Brexit as well as the UK remaining open to international markets. The Bill will be debated on […]
There is news of a lack of liquidity at some peer-to-peer (P2P) platforms. As the latest loan offerings on this site move to a close, we thought it opportune to remind lenders and visitors that there is a thriving secondary market in Money&Co.’s loans. The loan market is the place where you can sell some […]
All the uncertainty surrounding Brexit has built a consensus among analysts that interest rates aren’t going up any time soon. With that in mind, we thought we’d offer a brief reminder of the attractions of our managed portfolio service, with its net 7 per cent yield. Managed Portfolio Service Clients of the Money&Co Portfolio Service […]
Today, we offer a snapshot of the contemporary global struggle between finance and political power. The Bank of England is the latest to react to the perceived threat of Facebook’s attempt to launches own digital currency Libra. Our friends at AltFi report. Facebook’s new cryptocurrency Libra must meet the “highest standards” if it’s to get the […]
Recruiter reports that the ‘Brexit effect’ is kicking in, according to the Enterprise Investment Scheme Association (EISA), the trade body for the Enterprise Investment Scheme. The effect is not good… Data from the Office of National Statistics (ONS) shows that, in volume terms, business investment was estimated to have fallen by 0.4% to £49.2bn between […]
Project Rhapsody is now 29 per cent funded. The loan offer has an A risk rating, and provides a fixed-rate return of 8 per cent over five years. From the borrower: “The primary purpose of the loan is to provide working capital to the business so it can continue to collaborate to produce high quality […]