Tag Archives: FSCS

FSCS In LCF Investors’ Crosswires

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 […]

P2P Platforms, Downturns, And the FSCS – Plus Loan Latest

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 […]

Asset Protection And The ‘Holy Trinity’ – Security, Access, Yield

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 […]

Good News As P2P Gets Set For Compensation Cover

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 […]

Pros And Cons: Savings, Loans And Pensioner Bonds

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 […]