The scandal surrounding London Capital & Finance (LCF) deepens. Although the products involved were minibonds – very different from the asset-backed and secured loans offered here – the new line of attack is directed at the financial safety net that is the Financial Services Compensation Scheme. Interesting times. FT Adviser carries the story. Investors fighting […]
Money Week looks at investing in property via P2P, and examines how P2P platforms will fare in an economic downturn. The coverage is broadly fair, but it starts off with a generalisation that needs qualification. P2P platforms have yet to experience a severe downturn, while they’re also not covered by the Financial Services Compensation Scheme […]
There’s a kind of Holy Trinity to be considered by anyone thinking of making an investment in a peer-to-peer (P2P) loan. Lenders on this site have achieved an average gross yield of 8,6 per cent. But the yield, while attractive, is just one factor to assess – access and security are the others (as we […]
Today, we revisit a recurring theme of our reporting on the peer-to-peer (P2P) business lending scene: the interplay amongtst the Holy Trinity of asset appraisal – security, access and yield. We’re prompted to do so by a move from the Prudential Regulation Authority (PRA) to raise the level of coverage for cash deposit accounts at banks […]
Here’s some good news. There’s been much scaremongering about the fact that peer-to-peer (P2P) lending is not covered by the Financial Services Compensation Scheme (FSCS), which guarantees the return of the first £75,000 of an investment. Ryan Weeks at AltFi reports on a possible extension of the much-criticised FSCS to cover investment advice leading to a […]
Rhydian Lewis is not known for pulling his punches. The founder and CEO of P2P platform RateSetter (our cousins in peer-to-peer lending – with loans being made to individuals rather than the businesses we lend to) is noted for a frank approach to business and finance. And you can see why. Here, in trade finance journal, […]
The Mirror is scandalised by the low yield level of fixed-rate savings accounts (also known as “bonds’). The media outlet also sees a political motive behind the UK government’s decision to extend the deadline on the one bright spot in this market. “The Government has just announced it will extend the sale of the popular […]