30 Mar 2015
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.Go to Article
09 Mar 2015
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.Go to Article
09 Mar 2015
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.Go to Article
10 Feb 2015
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.Go to Article
10 Feb 2015
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.Go to Article
18 Jan 2015
Whether you're 65 or 25, everyone could beneift from a savings overhaul in these difficult times. Lisa Bachelor looks at the various options.Go to Article
10 Jan 2015
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.Go to Article