Category: Background

Zopa ISA and Zopa Core

May 26th, 2017
Zopa
Zopa have annouced that their Innovative Finance ISA is to be launched on 15th June, pending final approval from HMRC, with priority given to existing customers.  The target return for the ISA is predicted to be up to 6.1% AER. At the same time Zopa wi… more »

ArchOver obtain full FCA authorisation

May 25th, 2017
ArchOver
ArchOver have announced they have received full authorisation from the FCA, a day after Funding Circle. Below is a copy of the email sent to customers: We are pleased to announce that ArchOver has secured full authorisation from the Financial Conduc… more »

Funding Circle obtain full FCA authorisation

May 24th, 2017
Funding Circle
Funding Circle has announced it has received full authorsiation from the FCA, two weeks after Zopa. Below is a copy of the email sent to customers: We are very pleased to to announce that Funding Circle has today received full authorisation from the… more »

Funding Circle close forum

April 28th, 2017
Funding Circle
Funding Circle announce the closure of their forum.  Funding Circle follow Zopa which closed their forum in February 2016.  They are also encouraging users to move over to the P2P independent forum. Reaction to the news on the P2P Independent Forum was… more »

Innovative Finance ISA

April 3rd, 2017
With only a short window remaining within this tax year, the majority of peer-to-peer platforms still have not received full FCA authorisation, and are therefore unable to offer the new Innovative Finance ISA (IFISA).  However there are a number of P2P… more »