The Innovative Finance ISA is Available Today, Meanwhile Some Large P2P Platforms Wait for FCA Approval

Crowdfund Insider, 6th April 2016
"The UK peer-to-peer (P2P) lending industry has been waiting for this day for quite some time. The Innovative Finance ISA (IF ISA) is now available to savers across the country representing a new investment option promoted as driving superior risk adjusted returns for investors.  With approximately 22 million adult accounts holding around £500 million – the P2P industry is understandably excited about the new opportunity…..

…Crowdstacker is one of the platforms that has been approved by the FCA making the April 6th start date.  The P2P lending platform said they were pleased to announce they were open to investment. CrowdStacker CEO, Karteek Patel, called the IF ISA Karteek Patel launch a significant opportunity for investors to grow savings tax free. Patel expected solid interest from consumers;

“We’ve seen a lot of traffic to our site and customer service helpline over the last few weeks from people looking for more information about the Innovative Finance ISA. There is definitely a growing appetite out there for IFISA investments that provide more than the paltry returns on offer from other products.”... Read the full article at Crowdfund Insider.