The crowd will have its say by 12th December – let’s hope the Treasury listen and act The government has this week published a consultation paper that takes crowdfunding and Money&Co. a step closer to becoming a mainstream savings and investment choice for all. The Treasury paper – see details here – asks for industry […]
Innovate Finance is off to a good start Chancellor George Osborne’s speech this week end yielded two pieces of good news. The first was more funding for the British Buiness Bank, and the second was a sign that the new talking shop, Innovate Finance, might be able to get things done rather than just talk […]
The numbers have been crunched – and crowdfunding growth will come with NISAs New research from boutique finance house, Liberum, reveals that almost two thirds of British investors have never heard of peer-to-peer (P2P) or Person-to-business (P2B) crowdfunding. The research also shows that just one person in fifty has invested, or has taken an active […]
It’s not rocket science, but political consultation is taking time How much longer will the UK government take over consulting about which assets qualify for New Individual Savings Accounts (NISAs)? The savings situation is among UK consumers is critical, as a shocking report in The Mirror, reveals: “Nearly half of working families have less than […]
NISA and pension income-seekers could find crowdfunded loans the last piece of the pie Some call it peer-to-peer (P2P) lending. Others prefer to call it person-to-business (P2B). Either way, Money&Co.’s crowdfunding sector is doing well. As City AM puts it: “The peer-to-peer lending industry is booming. Figures from the Peer-to-Peer Finance Association showed that over […]
When will the UK government press the button on crowdfunded NISAs? The New Individual Savings Account (NISA), which enables individuals to hold up to £15,000 of assets tax-free, will expand their investment remit to include crowdfunding assets. The big question is when the government will allow them to do so. The administration’s intentions are clear […]
Crowdfunders to offer a slice of investment pie – but when, how? One of the great benefits of crowdfunding investment is its immediacy. Investors and lenders get to make a direct connection, via the crowdfunding platform, with the company soliciting funds. You get to see who wants money, and why. And things seemed to get […]
NISAs, with tax-free returns, expected to include crowdfunded investments and loans “It has been a good week for savers,” opines Richard Evans, quite rightly in our view, in the Telegraph. On Tuesday, the amount that could be put into tax-free Isas – or NISAs (New Individual Savings Accounts as they are now called) rose to […]