As our sector of alternative finance matures, so does the regulation and oversight. The the peer-to-peer (P2P) business lending sub-sector of crowdfunding is where we operate, and, with the advent of the Innovative Finance Individual Savings Account (ISA) a lot of attention has rightly been devoted to P2P. It’s right because companies such as Money&Co. […]
Peer-to-peer(P2P) business lending is expanding rapidly. This sub-sector of crowdfunding, the area we inhabit, is constantly morphing – competitors come and go, and the regulators (ultimately, the top UK watchdog, the Financial Conduct Authority [FCA]) take note and adjust regulatory requirements accordingly. Our friends at P2P Finance News report a new initiative to widen the […]
Our young industry is flourishing, and growing strongly. But with rapid growth come teething troubles – as peer-to-peer (P2P) business lenders seek a stable regulatory and reporting environment. P2P needs steady regulatory direction and reliable data to be fully recognised as a trustworthy asset class. Our friends at FT Adviser report some concerns from […]
The leading City watchdog, the Financial Conduct Authority, has written to chief executives of peer-to-peer (P2P) crowdfunding platforms. The letter contains a warning against lending to other lenders. This is not something that Money&Co. has ever done, nor ever intends to do. But the letter is attracting media attention, so it’s very much an item for […]
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 […]
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 […]
Regular visitors to this site will know that we are currently going through the process of getting permissions from the Financial Conduct Authority (FCA); such permissions would enable Money&Co. to launch an Innovative Finance Individual Savings Account (IFISA). We were interested to read this piece in The Telegraph; the article is critical of the FCA’s […]
The decision to keep interest rates on hold has had predictable effects in the financial-services industry, and amongst the media covering the sector. It is true to say that low rates are bad news for savers with cash in bank and building society deposit accounts. Our friends at Peer2Peer Finance News put it this way: […]
We’re pleased to report progress on two fronts today. First, the latest offering from webuyanyhome.com is making very good progress. Lenders are bidding steadily, at largely realistic rates (the gross indicative yield for the A+ offering is 7.6 per cent at the time of writing) and the offer is 28 per cent filled after two […]