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 […]
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 […]
Peer-to-peer (P2P) lending can be a lucrative activity. The average yield achieved by our registered lenders over more than five years of loan facilitation on this platform is more than 8 per cent, before we deduct our one per cent charge. That return has handsomely outperformed retail price inflation, which has averaged around two per […]
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 […]
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 […]
More than a third (42 per cent) of small- and medium-sized enterprises (SMEs) are now using external finance, according to new research reported by our friends at P2P Finance News. A survey of 4,500 small businesses by consultancy firm BVA BDRC also found that a further four per cent are currently searching for finance. With […]
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 […]
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 […]
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 […]
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 […]