Monthly Archives: September 2019

FCA Ready To Up Surveillance Of P2P Sector

Some 65 peer-to-peer lending platforms have received a letter from the Financial Conduct Authority (FCA) warning them to “act now” to clean up poor practice or face a “strong and rapid” crackdown, The Times reports. For clarity, Money&Co. had a routine and welcome two-day visit from the FCA in early summer. We have not changed our business […]

P2P Shift To Property-Backed Loans Continues – Plus Loan Latest

Citywire reports on a major rebranding and the new investment focus of a major mainstream investment company, which is shifting away form personal loans as peer-to-peer (P2P) investments. Regular readers will be aware of Money&Co.’s long-standing commitment to top-quality security in P2P loans. We’ve always insisted on no debt other than our own first charge […]

Innovate Finance Sees Bright Future For FinTech – Plus Loan Latest

As the political weather changes day by day, there is some certainty, at least, in the financial-technology sector. It is the future, come what may. The latest research from the government body, Innovate Finance and consultants, EY, indicates strong and rising levels of investment despite Brexit uncertainty. Below is an excerpt of a recent report […]

Managed Portfolio Service Update – Plus Loan Latest

Our managed portfolio service is proving popular. Here’s a brief reminder of its attractions. Clients of the Money&Co Portfolio Service have access to loans with a typical fixed return of 7%, without the need to manage a portfolio of loans. You will receive a quarterly statement with detail of what is held in the portfolio […]

Leading P2P Investor’s Struggles Continue – Plus Loan Latest

What is it about the uneasy alliance between mainstream finance and the peer-to-peer (P2P) lending sector? We’ve reported recently on the difficult times experienced at Funding Circle, and now further bad news comes from GLI Finance, an early investor in the P2P sector. Note the claim by one of its executives that the company is […]

IFISA Will Weather Industry Doubts Over Long-Term Future – Plus Loan Latest

Our friends at Professional Adviser run an opinion piece predicting that the Innovative Finance individual Savings Account will suffer because of regulatory or governmental hostility and/or ignorance. We believe that the peer-to-peer (P2P) lending industry is already seeing a shake-out (losing the platforms that don’t have solid business practices and especially conservative risk-analysis policies). Our […]

P2P Platforms, Downturns, And the FSCS – Plus Loan Latest

Money Week looks at investing in property via P2P, and examines how P2P platforms will fare in an economic downturn. The coverage is broadly fair, but it starts off with a generalisation that needs qualification. P2P platforms have yet to experience a severe downturn, while they’re also not covered by the Financial Services Compensation Scheme […]

Tough Times For Investors, Lenders And Regulators

The FT looks at tough times. As reported here consistently, regulation, Brexit uncertainty and all manner of nonsense mean that no-one has it easy just now. “But what about the retail investors? Those with money trapped inside the stricken Woodford Equity Income fund may well fesel misled. But the industry will assert that no investment […]