30 Mar 2015

This is the future of savings – but you can profit today

 Last week’s Budget marked a “savings revolution” when George Osborne announced that 95pc of taxpayers would be removed from any savings tax liability from next year. This has left the cash Isa, introduced in the late Nineties by Gordon Brown, suddenly less attractive.

A new “personal savings allowance” will allow basic-rate taxpayers to earn up to £1,000 of interest on ordinary savings accounts, current accounts, bonds and other deals tax-free. Higher-rate taxpayers can earn £500 before their income is taxed. 

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09 Mar 2015

How peer-to-peer finance is blossoming into a multi-billion pound industry

It’s 10 years today that the first peer-to-peer lender was founded in a barn in Buckinghamshire in March 2005. That was Zopa which has now lent nearly £750m, and expects to hit £1bn this summer.

Meanwhile the peer-to-peer finance industry has blossomed throughout the world with the global industry now worth more than $10bn.

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09 Mar 2015

Happy Birthday Zopa, The Inventor Of P2P

Happy birthday Zopa. The world’s first crowdfunding platform celebrates its 10th birthday today and though it took some time to break through, Zopa can now claim to have spawned a movement that is taking on the established banking industry in markets all around the world.

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10 Feb 2015

Borro Gets $19M From Rocket Internet, OurCrowd To Expand Its Online Pawnshop For Luxury Goods

Borro, the U.S. and UK-based online platform that people borrow money and put up luxury items as collateral, is today announcing $19 million in new funding led by strategic investments from Israel’s OurCrowd and Berlin’s Rocket Internet.

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10 Feb 2015

Learning To Live With Peer-To-Peer Pressure

The first of the new breed of internet lenders is no longer the new kid on the block

Peer-to-peer lending is often praised for allowing people to lend to one another directly over the web, bypassing traditional lenders, but Giles Andrews knows through bitter experience that creating a true direct link between lender and borrower can be disastrous. 

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18 Jan 2015

Now Pensioners Can Get A 4% Return - but What Hope Is There For Other Savers?

Whether you're 65 or 25, everyone could beneift from a savings overhaul in these difficult times.  Lisa Bachelor looks at the various options.   

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10 Jan 2015

Peer-To-Peer Lender Zopa Sales Leap As Industry Eyes Challenge To Banks

 The UK’s biggest peer-to-peer lender has almost doubled revenues amid a boom in loans, as the nascent sector seeks to challenge the major banks.

Zopa, which links up thousands of borrowers and savers over the internet, grew revenues by 81pc in 2013, according to accounts filed at Companies House. 

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