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Just days after provider research showed that ISA savers have missed out on returns of £100bn by investing in cash rather than stocks and shares, NS&I have announced across-the-board cuts to the returns on their premium bonds and Direct ISA. On 1 February,
The Innovative Finance ISA (IFISA), which allows investors to hold peer to peer investments within a tax free ISA wrapper, was rolled out in April 2016. At the time, no P2P platforms were authorised as ISA Managers, a requirement to offer loan investments within an ISA. During the past six months
In response to lender feedback, Proplend decided to lower the minimum loan investment amount from £5,000 to £1,000. New loans to the platforms are now split in £1,000 units. The outcome of this has been