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 […]
Our friends at BusinessZone predict some game-changing events in our peer-to-peer (P2P) crowdfunding sector. Without wishing to be too Delphic, our experience of the marketplace makes us think they may be on to something. Here’s an extended excerpt from a good piece of reporting. “Peer-to-peer works by creating a marketplace for investors to loan money directly […]
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 savings plan season is just getting into full swing. In the first three months of the year, just ahead of the new tax year in early April, there’s often a glut of investment money chasing tax-efficient investment products. Chief amongst these is the Individual Savings Account (ISA) and now also the ISA’s new offshoot, […]
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, […]
The last two UK government administrations have taken a helpful and enlightened view of the alternative-finance industry. At Money&Co., we believe that alternative finance wants to be considered mainstream, and for the assets it deals in – notably crowdfunded equity and debt – to be accepted as a legitimate asset class. The new Innovative Finance […]
Yesterday, we identified the size of the small and medium-sized enterprise (SME) funding gap, using World Economic Forum data, and Money&Co.’s own research. The figure is around £4.3 billion. A key question is how to improve the efficiency of SME lending – in practice, not just in theory. According to a forthcoming blog, the answer […]
The alternative finance sector is growing rapidly. The same goes for crowdfunding – one of the sector’s most important elements. We have reported that growth story many times in this News section. But rapid growth is one thing, genuine scale and mainstream understanding and acceptance quite another. Money&Co. operates in a sub-sector of crowdfunding known as […]