David Prosser, a columnist for Forbes and The Independent, reports on what he sees as a rosy future for our sector, and the lenders and borrowers we serve. David writes: “If 2015 was the year when alternative finance went mainstream then 2016 offers the promise of a different type of breakthrough – an opportunity for […]
The Economic Voice latches on to research into the prospects for the Innovative Finance Individual Savings Accounts and the likely take-up of P2P. “One in four investors aged over 55 will consider moving money onto peer-to-peer (P2P) lending platforms once the new innovative finance ISA launches in April,” writes The Economic Voice. It quotes research […]
It’s a difficult balancing act for personal finance and investment journalists. On the one hand, they want to bring individual investors the latest in cutting-edge investment opportunities. On the other, they are quite rightly concerned about steering investors into a fad or novelty. The Guardian does a good job of treading that middle path. The […]
The following views are the personal opinions of Martin Baker, Money&Co’s head of communications and content. They do not necessarily represent the views of Money&Co. Happy 2016. Here’s the future (a pleasingly bright one, too) as I see it. The Innovative Finance ISA Will Be A Game-Changer No doubt about it. April […]
AOL Money, the finance reporting arm of AOL, offers interesting – but not surprising – market information from a survey that reveals a significant potential take-up for the new Innovative Finance ISA in 2016. “Nearly one in four cash Isa savers would consider investing their money with peer-to-peer (P2P) lenders when a new savings product launches […]
Ahead of this afternoon’s Autumn Statement, ThisIsMoney carries a series of predictions. It flags tax-credit changes as likely, but expects little or no change to Individual Savings Accounts (ISAs) or Innovative Finance ISAs. “There is unlikely to be much in the way of exciting announcements regarding savings – but the Chancellor is known to pull […]
Next tax year will see peer-to-peer (P2P) loans becoming eligible for Innovative Finance Individual Savings Accounts (IFISAs). That means investors get all the benefits of tax-free savings up to £15,240 per annum. The average rate achieved by Money&Co. lenders being just over nine per cent (eight per cent net of charges). If you invested the […]
The Daily Mail looks at the exciting developments for the peer-to-peer lending market in last week’s Emergency Budget. We agree with both the headline – New Isa means tax-free interest from peer-to-peer investments fuelling the lend-to-save boom – and the words of caution offered by Christine Farnish, chair of the P2P Finance Association at the […]
The Independent heralds what we all hope will be a new era for savers and investors – and the small and medium-sized companies who are deploying thie capital to grow the British economy. Personal finance editor Simon Read writes: “Is peer-to-peer lending set to crash into the mainstream with a bang next year? “That’s the […]
After the news reporting comes the analysis. Crowdfunders in general, and peer-to-peer lenders in particular, are basking in the warm afterglow of this week’s Budget. Kate Palmer, in a piece filed last night in The Telegraph, runs the rule over Innovative Finance Individual Savings Accounts (IFISAs), which she dubs “10 per cent ISAs”. To read […]