Following the grant of full Financial Conduct Authority approval, we’ve been pretty busy prepping the detail of our soon-to-be launched Innovative Finance Individual Savings Account (IFISA). A recent report by BT Finance asks where the long-promised IFISAs actually are. It seems as though Money&Co. will be one of the first in the market. “We spoke […]
The hot topic in the peer-to-peer (P2P) sector is undoubtedly the advent of the Innovative Finance Individual Savings Account (IFISA). IFISAs allow individuals to make tax-free investments of £15,240 per annum, and they are expected to greatly increase the popularity and the visibility of the P2P sector. As regular visitors to this News section will […]
Following last week’s exciting announcement, here’s a little more detail on our plans for the Innovative Finance Individual Savings Account (IFISA). The IFISA launched just under a year ago, but most lending platforms are still unable to offer it as they require full FCA approval in order to do so. As the larger lending platforms […]
We’ve been promising readers and registered lenders exciting news for some time. Here it is: Money&Co. has now received its full Financial Conduct Authority approval. This means that we will be able to offer the Innovative Finance Individual Savings Account (IFISA) shortly. This requires some systems work, and we are endeavouring to complete this as […]
The specialist media outlet Property Reporter runs a feature on a new property-related launch. We don’t comment on the detail. Suffice it to say that we see this as evidence of a fast-expanding market that many find very attractive. Watch this space for news… Meanwhile: “Online mortgage lender, LendInvest, has announced that it has launched […]
The Brexit debate certainly polarises opinion. To paraphrase Shakespeare: there’s nothing good or bad, but that the saying makes it so. But at last, some cold hard facts – we still believe in facts her at Money&Co., post-truth politics or not – are beginning to emerge. Our friends at P2P Finance News report a Brexit-driven […]
Our friends at AltFi take a look at yields in thee peer-to-peer (P2P) lending sector. As regular site visitors and registered lenders will be aware, Money&Co. facilitates P2P loans for carefully selected business borrowers. The average gross return achieved thus far by Money&Co. lenders is just over 9.1 per cent. The AltFi article looks at […]
There are further signs that the crowdfunding market is maturing. Today we look at our cousins in equity, crowdfunding sub-sector. The FT Adviser reports on a slowing in the rate of launches of Enterprise Investment Scheme offers (investments with EIS relief offer a 30 per cent tax break to investors – and many EIS offers […]
Crowdfundinsider reports on a recent financial technology conference, where participants expressed some concern at the possible effects of Brexit on London’s future as a major FinTech hub. “Observers in London see a paradox at the heart of today’s financial technology sector. If fintech is all about playing the cutting edge and disrupting the mainstream, how […]
Today, we review a thoughtful comment from our friends at AltFi: “In a time such as this – with depressed savings rates and a great deal of uncertainty in the markets – one might imagine that peer-to-peer/marketplace [P2P] lending would be seen as something of a silver bullet for financial advisors. Some of the leading platforms have […]