The figures make for grim reading. The first interest rate rise in a decade has seen very little benefit accrue to savers and investors in cash deposits. The quarter-point hike in base rates to 0.5 per cent has had virtually no effect, in fact, as income-hungry investors may have noticed. We predicted as much before […]
It may seem a somewhat bizarre analogy, but the cash-based savings market operates like petrol-pump pricing. Think of it as a case of commodity pricing. Motorists often complain that reduction in the price of the underlying commodity – oil, in this case – is frequently not passed on. In October, base rates increased by 0.25 […]
As interest rates remain stubbornly in the Doldrums, the search for income becomes more of an imperative. Money&Co.’s CEO, Nicola Horlick, looks at this imperative from the perspective of the pension saver in today’s blog. And we thought we’d revisit our news coverage of what we have consistently described as the Great Savings Robbery. Here’s […]
As promised yesterday, here is the remainder of the coverage of the FCA response to MP Andrew Tyrie’s queries regarding peer-to-peer (P2P) lending. The FCA has its own concerns about consumer understanding of risk. There is some evidence that FCA and Tyrie are right to be concerned —37% of UK consumers who are aware of P2P […]
Today we focus on the lending side of the crowdfunding equation. At Money&Co., we bring together lenders looking for a good return on capital together with careful vetted borrowing businesses seeking funds to expand. Lenders who have funded the small and medium-sized enterprises (SMEs) seeking credit on the Money&Co. platform, which has facilitated loans of […]
Is it all too good to be true? This month’s emergency Budget and the excellent news about the advent of the Innovative Finance ISA (IFISA) was rapturously received by much of the media. Now, there’s a slight shift of emphasis after the understandably shocked and terrified Cash ISA providers have launched expensive media campaigns focused […]
Our friends at CityAM are beginning to distinguish themselves as crowdfunding commentators among mainstream media. This entertaining primer, aimed at the majority of readers (the crowd-to-be) who still need basic information, focuses primarily on equity crowdfunding – that’s share investment, primarily in start-ups. “Crowdfunding is widely defined as a (usually large) group of people donating, […]
Writer and financial planner David Hill came to a recent drinks reception for lenders and investors at Money&Co. David was inspired to write the following piece, which needs no further comment from us – other than to say, well done, David. The message spreads. “There are three main types of crowdfunding. Firstly, there is when […]
“Soulful Food is one of the businesses to have benefited from a peer-to-peer loan from Money&Co.,” writes The Times. Regular readers will know that at Money&Co. we tend to think of ourselves as new kids on the financial block. That’s a reasonable position: tomorrow we’ll be celebrating the anniversary of our formal, St Patrick’s Day […]
We’re delighted to welcome a new borrower on the Money&Co. site. We can’t make any representations about the business – other than to say that it has passed our strict quality-control process, otherwise known as our in-depth credit analysis. So below we let Ultimate 99 Limited, which has been given a B rating with an […]