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 […]
The new Innovative Finance Individual Savings Account (IFISA) is something we thoroughly approve of. Money&Co. Lenders have achieved average gross yields of 9.1 per cent. This would become even more attractive if lenders could wrap their loans into an IFISA, and benefit from taking their income tax-free. At the new limit of £20,000 per annum, […]
As alternative finance engages with the public, the rough inevitably mixes with the smooth. See this report from Blue and Green Tomorrow: “Following the release of complaints figures from the FCA, Hannah Maundrell, Editor in Chief at money.co.uk has responded with these statements: “Whilst it’s great to see the overall number of FCA complaints coming down, it is […]
Cambridge academic Brian Zhang is to play a leading role in what we at Money&Co. see as the re-positioning of peer-to-peer (P2P) lending as a mainstream asset class. The Financial Times, perhaps a little, unkindly, reports that the Financial Conduct Authority (FCA) has hired Cambridge Judge’s alternative-data department to “ help it understand” P2P and […]
Today, we bring news from the peer-to-peer (P2P) lending sector in which Money&Co. operates. The reporting comes from our friends at UK Business Insider. “Back in June, Andrew Tyrie, the Chair of the Treasury Select Committee, wrote to the UK Financial Conduct Authority (FCA) asking how it addresses the risks and opportunities presented by peer-to-peer (P2P) lending and […]
Today, we offer an opinion piece from crowdfunding intelligence platform, Another Crowd, with which Money&Co., has a close association, including the co-sponsorship of two alternative finance conferences (with another one coming up in November). We live in a world where lawyers write labels, because manufacturers are afraid of litigation. So we have to be told […]
Professor Robert Wardrop and Tania Ziegler of Cambridge University’s Judge Business School offer an engaging and comprehensive review of where they believe crowdfunding in Europe is going, particularly in the light of the FCA’s review of UK Crowdfunding. The article is too long to reproduce in full here. Crowdfundinsder carries the full piece. Below, we […]
The recent review of crowdfunding regulation from the Financial Conduct Authority (FCA) was published on Friday, and seems to have landed on many media desks with a loud thump – followed by silence. We’ll be publishing our own reaction to this chunky document shortly. Meanwhile, we offer this clear first-take on the FCA report from […]
The UK’s chief financial regulator, the Financial Conduct Authority (FCA) has released a statement regarding the eligibility of crowdfunders to market the Innovative Finance Individual Savings Account (IFISA). The IFISA is, in theory, available next week, when the new tax year begins. Investors will be able to commit as much as £20,000 to an IFISA […]
Crowdfundinsider offers its view, a little later than some, on the regulatory hurdles facing P2P providers seeking to launch IFISAs. “The forthcoming Innovative Finance ISA (IFISA) launches on April 6, 2016. This new savings vehicle is expected to drive value for both investors and peer to peer lenders alike. For investors, the benefit is a […]