The end of the tax year draws near, and we are entering what is known as the Individual Savings Account (ISA) season. That means our registered lenders can get their returns tax-free. No income tax – and as lenders are not seeking capital gain, there is no question of capital taxes. But whether or not […]
Is the Cash ISA dead, as our friends at The Daily Express report? Nicola Horlick, CEO of Money&Co. believes that the coming ISA season will revolutionise the savings market, and that cash deposits offer very poor value (at 1 per cent and a little more, if you’re lucky – with inflation at 3 per cent). […]
Financial technology (FinTech) is creating more and more disruption in the banking sector, according to a report from our friends at AltFi. “Big banks need to respond to rapidly changing customer preferences, digital interfaces and platform businesses to thrive post-crisis, according to a new report from Oliver Wyman… “Whatever their progress on the restructuring agenda, […]
Good times lie ahead for financial technology and investors alike. As a young industry, crowdfunded peer-to-peer (P2P) business lending is in the foothills of public awareness and general acceptance. But all that is set to change, with the advent of the Innovative Finance Individual Savings Account (ISA). At Money&Co. we received full authorisation to offer […]
Yesterday, ahead of the arrival of a major new loan offering on site, we looked at the income-seekers’ dilemma. Using research from the comparison site, Money Facts, we highlighted the news that the best easy-access cash accounts offer around a measly 1 per cent. But it seems there’s a better account out there – though there’s so […]
The peer-to-peer (P2P) lending sub-sector of crowdfunding seems to have many birthdays. Rarely can a sector have been hailed as “coming of age” quite so often. The latest to announce P2P’s coming of age as an alternative asset class is the Financial Times. Here are some excerpts from Helen Dunkley’s piece in the FT this […]
We are heading towards the landmark of £10 million-worth of loans facilitated for carefully vetted small-business borrowers. As we do so, we take stock of both sides of the peer-to-peer (P2P) lending equation. The demand for a good return on capital amongst lenders is strong. As for borrowers, the desire for capital needed to fund […]